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Insiders at Wintrust Financial (NASDAQ:) Corporation have been displaying a notable sense of optimism by increasing their holdings over the past year. Key figures among them, such as Brian Kenney, have been active participants in this trend.
Kenney has made significant investments in the company, purchasing 17.20k shares for approximately US$1.4m and selling 5.51k shares for around US$504k. His considerable acquisition of US$609k shares at US$92.23 each, a price significantly above the current US$74.79, underscores the insiders’ perception of value even at higher prices.
The average acquisition price over the past year was around US$80.04 per share, which is closely aligned with the current price level. This further emphasizes the positive sentiment held by insiders towards the company’s value.
These transactions provide an intriguing insight into how Wintrust Financial Corporation’s insiders perceive the company’s value and their expectations for its future performance. For those interested in tracking such trends, there are resources available that list other companies with recent insider purchases.
InvestingPro Insights
To further emphasize the optimism surrounding Wintrust Financial Corporation (WTFC), InvestingPro data and tips provide some valuable insights.
InvestingPro Tips highlight that WTFC has a high earnings quality, with free cash flow exceeding net income. This could potentially explain why insiders like Brian Kenney have confidence in the company’s value and are willing to invest at higher prices. Additionally, the company’s strong earnings have allowed it to consistently increase its earnings per share and maintain dividend payments for 24 consecutive years, further indicating a strong financial position.
In terms of real-time data, InvestingPro reveals that WTFC has a Market Cap of 4820M USD and a low P/E Ratio of 7.76, suggesting that the company’s stock may be undervalued. The company’s revenue growth stands at 18.78% for the last twelve months as of Q3 2023, indicating solid performance. Lastly, the company’s return on assets for the same period is 1.19%, which might be another reason for the insiders’ bullish sentiment.
These insights, along with many others, are part of the comprehensive financial analysis provided by InvestingPro. The platform includes an extensive collection of additional tips and metrics for WTFC and many other companies.
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