Wintrust Financial Corp. stock trades under the ticker WTFC & has recently shown bullish behavior that traders & investors should take note of.
WTFC stock closed at $92.57/share on 4/19/2022.
Wintrust Financial Corp. WTFC Stock’s Technicals Broken Down
WTFC Stock Price: $92.57
10 Day Moving Average: $89.65
50 Day Moving Average: $94.95
200 Day Moving Average: $86.68
RSI: 51.47
MACD: -1.36
Yesterday, WTFC stock completed a bullish MACD crossover, gapping up 3.65% & crossing over its 10 day moving average.
With recent trading volume being about average compared to the year prior, and a neutral RSI at 51.5, WTFC stock has more short-term momentum to come.
As they are currently at $96 in pre-market trading when I write this, they will need to break above the $96.48, $96.53 & 96.78 resistance points.
Wintrust Financial Corp. WTFC Stock As A Long-Term Investment
Long-term oriented investors will like WTFC stock’s valuation metrics, with a P/E (ttm) of 11.69 & a P/B (mrq) of 1.24.
They recently reported 0.6% Quarterly Revenue Growth Y-o-Y, with -2.4% Quarterly Earnings Growth Y-o-Y.
Their balance sheet also looks appealing, with $6.65B in Total Cash (mrq) & Total Debt (mrq) of $2.88B.
WTFC stock pays a 1.39% dividend yield, which looks sustainable in the long-run as their payout ratio is only 16.4%.
92.4% of WTFC stock’s outstanding share float is held by institutional investors.
Wintrust Financial Corp. WTFC Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from WTFC stock’s price movements while hedging against broader market volatility.
I am looking at the contracts with the 5/20 expiration date.
The $85, $90 & $95 calls all look appealing, but are very illiquid, with only 272 contracts of open interest between them collectively.
Their puts are not in-the-money at this expiration date, minus the highly illiquid $105 strikes.
There are 6/17 $85, $90 & $95 puts that are also very illiquid, but closer to being in-the-money.
Tying It All Together
WTFC stock will be liked by long-term focused investors, as they have a modest valuation, strong balance sheet numbers & a small, but stable dividend yield.
Traders will like their current momentum, but may be disappointed by the lack of liquidity in their options contracts.
WTFC stock is worth taking a closer look into, regardless of your portfolio management strategy.
*** I DO NOT OWN SHARES OF WTFC STOCK AT THE TIME OF WRITING THIS ***