Asia FX muted, dollar nurses losses as Trump tariffs take effect
Richard B. Murphy, Vice Chair and Chief Lending Officer at Wintrust Financial Corp (NASDAQ:WTFC), recently sold 3,186 shares of the company’s common stock. The shares were sold at a weighted average price of $131.30, totaling approximately $418,321. Following this transaction, Murphy holds 48,814 shares directly, with an additional 3,711 shares held indirectly through a 401(k) plan. The sales occurred in multiple transactions with prices ranging from $130.71 to $132.28. The stock, which has delivered a 34% return over the past year and maintains a 26-year dividend payment streak, currently trades at a P/E ratio of 12.65. For deeper insights into insider trading patterns and comprehensive financial analysis, InvestingPro subscribers can access the detailed Pro Research Report, which covers what really matters about Wintrust Financial’s performance and prospects.
In other recent news, Wintrust Financial Corporation reported significant developments. The company’s net income exceeded $170 million in Q3, meeting expectations, largely due to the acquisition of Macatawa Bank. The acquisition added $1.3 billion in loans and $2.3 billion in deposits, resulting in a record net interest income of $503 million for Wintrust. In addition, Wintrust extended its credit agreement maturity date and appointed U.S. Bank National Association as its new administrative agent.
Analysts from Truist Securities, Piper Sandler, and Citi have offered their insights on Wintrust. Truist Securities initiated coverage on Wintrust with a Buy rating and a price target of $151, while Piper Sandler raised their price target to $156, maintaining an Overweight rating. Citi analysts also raised their price target for Wintrust to $158, reiterating a Buy rating.
Finally, Wintrust Financial Corporation announced an 11.1% increase in its quarterly cash dividend to $0.50 per share, continuing an 11-year streak of dividend increases. These are the recent developments for Wintrust Financial Corporation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.