Wintrust Financial (NASDAQ:WTFC) Corp's preferred stock (WTFCM) reached a 52-week high, trading at $25.24. This peak reflects a significant uptrend for the company's stock, which has seen a robust 1-year change of 13.32%. Investors have shown increased confidence in Wintrust Financial's performance, driving the stock to this new high over the past year. The company's strategic initiatives and financial results have likely contributed to this positive investor sentiment, marking a notable period of growth for the stock amidst a dynamic market environment.
InvestingPro Insights
Wintrust Financial Corp's preferred stock (WTFCM) has indeed been performing well, as evidenced by reaching a new 52-week high. To provide a more comprehensive view, let's delve into some InvestingPro Insights. With a market capitalization of $7.26 billion and a P/E ratio of 11, the company stands on solid financial ground. The revenue for the last twelve months as of Q2 2024 stands at $2.216 billion, indicating a growth of 6.88% compared to the previous period.
Among the InvestingPro Tips, it's noteworthy that Wintrust Financial has a history of rewarding its shareholders, having raised its dividend for 10 consecutive years and maintained dividend payments for 25 consecutive years. This commitment to returning value to shareholders is further underscored by a substantial dividend yield of 6.51% as of the last dividend ex-date on July 1, 2024. Additionally, analysts are optimistic about the company's profitability, predicting it will be profitable this year, a sentiment supported by the company's profitable performance over the last twelve months.
Investors interested in more detailed analysis and additional InvestingPro Tips for WTFCM can explore further by visiting https://www.investing.com/pro/WTFCM, where several more tips are available to help inform their investment decisions.
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