Wintrust Financial (NASDAQ:WTFC) Announces Quarterly Earnings Results

by · The Cerbat Gem

Wintrust Financial (NASDAQ:WTFC – Get Free Report) posted its quarterly earnings data on Tuesday. The bank reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22, FiscalAI reports. The company had revenue of $586.67 million during the quarter, compared to the consensus estimate of $700.85 million. Wintrust Financial had a net margin of 18.85% and a return on equity of 12.82%.

Wintrust Financial Stock Performance

WTFC stock traded down $1.21 during mid-day trading on Tuesday, reaching $144.72. 483,771 shares of the stock traded hands, compared to its average volume of 382,647. The firm has a market capitalization of $9.69 billion, a PE ratio of 13.30 and a beta of 0.88. The business has a 50-day moving average of $138.75 and a two-hundred day moving average of $133.84. Wintrust Financial has a 52 week low of $89.10 and a 52 week high of $149.79. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.65.

Wintrust Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Thursday, November 6th. Wintrust Financial’s dividend payout ratio is 18.38%.

Institutional Investors Weigh In On Wintrust Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. bought a new stake in Wintrust Financial in the 1st quarter valued at $27,000. State of Wyoming bought a new position in Wintrust Financial during the second quarter valued at about $41,000. EverSource Wealth Advisors LLC lifted its position in shares of Wintrust Financial by 400.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank’s stock worth $50,000 after acquiring an additional 320 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Wintrust Financial during the 3rd quarter worth approximately $62,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Wintrust Financial in the 3rd quarter valued at $71,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on WTFC shares. Cowen reissued a “buy” rating on shares of Wintrust Financial in a research report on Wednesday, January 7th. Barclays raised their target price on Wintrust Financial from $175.00 to $178.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. TD Cowen increased their target price on shares of Wintrust Financial from $168.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Wintrust Financial in a research report on Wednesday, October 8th. Finally, Piper Sandler reissued an “overweight” rating and set a $161.00 price objective (up from $160.00) on shares of Wintrust Financial in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $154.50.

View Our Latest Analysis on Wintrust Financial

Wintrust Financial Company Profile

(Get Free Report)

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.

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