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Wintrust Financial Corp (NASDAQ:WTFC) recently disclosed that its Vice Chairman and Chief Operating Officer, David A. Dykstra, sold a substantial amount of the company’s stock. According to the SEC filing, Dykstra sold a total of 4,213 shares of Wintrust Financial’s common stock on January 28, 2025. The shares were sold at a weighted average price of $131.31, amounting to a total transaction value of $553,209. The transaction comes as the stock shows strong momentum, with a 34% return over the past year. According to InvestingPro analysis, the company appears undervalued based on its Fair Value assessment.
The sale was executed through multiple transactions, with prices ranging from $130.66 to $132.26 per share. Following this transaction, Dykstra retains ownership of 206,294 shares of the company. Wintrust Financial, headquartered in Rosemont, Illinois, continues to operate in the state commercial banking sector. With a market capitalization of $8.86 billion and a P/E ratio of 12.65, the company has maintained dividend payments for 26 consecutive years, demonstrating consistent shareholder returns. Additional insights and detailed analysis are available through InvestingPro’s comprehensive research reports.
In other recent news, Wintrust Financial Corporation has been the center of attention with a series of major developments. The company reported a net income exceeding $170 million in Q3, meeting expectations, largely fueled by the acquisition of Macatawa Bank. This 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. Additionally, Wintrust has amended its credit agreement, extending its maturity date and appointing U.S. Bank National Association as its new administrative agent, following the resignation of Wells Fargo (NYSE:WFC). The Revolving Credit Maturity Date has now been extended to December 2025. Analysts from Piper Sandler, Citi, and Truist Securities have raised their price targets for Wintrust, maintaining positive ratings on the stock. Truist Securities also began coverage on Wintrust Financial shares, issuing a Buy rating. The company’s Board of Directors has approved a dividend of $0.50 per share on its common stock, marking an 11.1% rise from the previous quarterly dividend. This continues Wintrust’s impressive 11-year streak of dividend increases.
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