PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, April 1, 4:24 PM
| This Slide: #353 of 609 |
Slide #353. Wintrust Financial Corporation — Preferred Stock Offering
Company:
Wintrust Financial Corporation (NASDAQ:WTFC)
Date announced:
6/22/2015
Preferred Stock Offering Details:
Wintrust Financial Corporation ("Wintrust" or the "Company") (Nasdaq:WTFC) today announced that it has commenced an underwritten public offering of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, no par value. Wintrust intends to use the net proceeds from this offering for general corporate purposes, which may include, without limitation, investments at the holding company level, providing capital to support the Company's growth, acquisitions or other business combinations, including FDIC-assisted acquisitions and reducing or refinancing existing debt.
Wintrust Financial is a financial holding company. Co. conducts its businesses through three primary segments: community banking, specialty finance and wealth management. Through its community banking segment, Co.'s banking subsidiaries (collectively, the banks) provide community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area, southern Wisconsin and northwest Indiana (Co.'s market area). Through its specialty finance segment, Co. provides financing of insurance premiums for businesses and individuals; accounts receivable financing, out-sourced administrative services; and other finance businesses.
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Avg. Broker Rec.
 
|
Strong Buy (3.73 out of 4) 70th percentile
(ranked higher than approx. 70% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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