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Kathleen M. Boege, Executive Vice President and General Counsel at Wintrust Financial Corp (NASDAQ:WTFC), a financial institution with a market capitalization of $8.86 billion, recently sold shares of the company. According to a recent SEC filing, Boege disposed of 2,032 shares of Wintrust Financial’s common stock on January 28, 2025. The shares were sold at a weighted average price of $131.31, with transaction prices ranging from $130.67 to $132.36. This transaction resulted in a total sale value of approximately $266,821. Following the sale, Boege holds 24,137 shares directly. Additionally, she has 2 shares indirectly owned through an Employee Stock Purchase Plan (ESPP). The stock, which has delivered a strong 34.21% return over the past year, currently trades near its 52-week high of $142.04. InvestingPro analysis suggests the stock is undervalued, with the company maintaining an impressive 11-year streak of dividend increases and earning a "GOOD" Financial Health score. For deeper insights into WTFC’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Wintrust Financial Corporation has made significant progress, with Truist Securities setting a Buy rating for the company and a price target of $151. The company’s Q3 report showed a net income exceeding $170 million, largely due to the acquisition of Macatawa Bank, which contributed $1.3 billion in loans and $2.3 billion in deposits. This led to a record net interest income of $503 million for Wintrust.
Wintrust has also amended its credit agreement, extending its maturity date and appointing U.S. Bank National Association as its new administrative agent. Analysts from Citi and Piper Sandler have raised their price targets for Wintrust to $158 and $156, respectively, both maintaining positive ratings on the stock.
The company has also announced an 11.1% increase in its quarterly cash dividend to $0.50 per share, continuing an 11-year streak of dividend increases. These recent developments highlight the company’s ongoing strategic growth and financial stability.
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