Wintrust Financial Co. (NASDAQ:WTFCM – Get Rating) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 10,100 shares, a drop of 46.8% from the January 15th total of 19,000 shares. Based on an average trading volume of 11,200 shares, the short-interest ratio is currently 0.9 days.
Institutional Investors Weigh In On Wintrust Financial
A hedge fund recently bought a new stake in Wintrust Financial stock. Connectus Wealth LLC purchased a new stake in Wintrust Financial Co. (NASDAQ:WTFCM – Get Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 276,391 shares of the company's stock, valued at approximately $6,752,000.
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Shares of NASDAQ WTFCM opened at $25.43 on Friday. The firm's 50-day moving average price is $24.99 and its two-hundred day moving average price is $24.92. Wintrust Financial has a 52-week low of $23.26 and a 52-week high of $26.76.
Wintrust Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Saturday, April 15th. Shareholders of record on Saturday, April 1st will be issued a $0.41 dividend. The ex-dividend date is Thursday, March 30th. This represents a $1.64 dividend on an annualized basis and a yield of 6.45%.About Wintrust Financial
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Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.
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