Analysts expect Wintrust Financial Co. (NASDAQ:WTFC – Get a rating) to report earnings of $1.73 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts provided earnings estimates for Wintrust Financial, with estimates ranging from $1.55 to $1.89. Wintrust Financial reported earnings of $1.70 per share in the same quarter last year, indicating a positive year-over-year growth rate of 1.8%. The company is due to release its next earnings report on Monday, January 1.
According to Zacks, analysts expect Wintrust Financial to report annual earnings of $7.65 per share for the current year, with EPS estimates ranging from $7.20 to $8.35. For the next fiscal year, analysts expect the company to post earnings of $8.77 per share, with EPS estimates ranging from $8.00 to $9.18. Zacks EPS averages are an average average based on a survey of sell-side analysts who track Wintrust Financial.
Wintrust Financial (NASDAQ: WTFC - Get a rating) last announced its quarterly results on Tuesday, April 19. The bank reported EPS of $2.07 for the quarter, beating consensus analyst estimates of $1.55 by $0.52. Wintrust Financial had a return on equity of 10.95% and a net margin of 23.67%. The company posted revenue of $462.08 million in the quarter, compared to analyst estimates of $427.66 million. In the same period a year earlier, the company had earned earnings per share of $2.54. The company’s revenue increased 3.1% year over year.
The WTFC has been the subject of a number of recent research reports. Raymond James raised his price target on Wintrust Financial from $124.00 to $130.00 and gave the company a “Strong Buy” rating in a Thursday, April 21 research report. Janney Montgomery Scott upgraded Wintrust Financial from a “neutral” rating to a “buy” rating in a Tuesday, March 8 research report. Zacks Investment Research upgraded Wintrust Financial from a “hold” rating to a “strong-buy” rating and set a price target of $107.00 on the stock in a Tuesday, April 26 research report. Royal Bank of Canada raised its price target on Wintrust Financial from $110.00 to $122.00 in a research report on Friday, January 21. Finally, UBS Group raised its price target on Wintrust Financial from $95.00 to $104.00 in a Thursday, April 21 report. One analyst gave the stock a hold rating, six gave the stock a buy rating and two gave the company a high buy rating. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $114.25.
WTFC stock traded at $1.42 midday Friday, hitting $86.20. 370,333 shares of the company were traded, against an average volume of 401,286. Wintrust Financial has a 52-week low of $65.66 and a 52-week high of $105.56. The company has a debt ratio of 0.59, a quick ratio of 0.95 and a current ratio of 0.97. The company has a 50-day moving average of $91.84 and a 200-day moving average of $93.76. The company has a market capitalization of $4.93 billion, a price/earnings ratio of 12.11, a P/E/G ratio of 0.67 and a beta of 1.29.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 26. Shareholders of record on Thursday, May 12 will receive a dividend of $0.34 per share. The ex-dividend date is Wednesday, May 11. This represents an annualized dividend of $1.36 and a yield of 1.58%. Wintrust Financial’s payout ratio is currently 19.10%.
In other news, Director H Patrick Hackett, Jr. acquired 5,000 shares of Wintrust Financial in a transaction on Tuesday, April 26. The shares were purchased at an average cost of $91.23 per share, for a total transaction of $456,150.00. Following the acquisition, the director now directly owns 40,037 shares of the company, valued at approximately $3,652,575.51. The purchase was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Insiders of the company own 1.41% of the shares of the company.
A number of institutional investors and hedge funds have recently increased or reduced their stakes in the company. BlackRock Inc. increased its position in Wintrust Financial by 1.4% in the third quarter. BlackRock Inc. now owns 5,615,478 shares of the bank valued at $451,317,000 after acquiring an additional 75,092 shares last quarter. Dimensional Fund Advisors LP increased its position in Wintrust Financial by 2.7% during the third quarter. Dimensional Fund Advisors LP now owns 2,649,342 shares of the bank valued at $212,928,000 after acquiring an additional 69,751 shares in the last quarter. State Street Corp increased its position in Wintrust Financial by 4.6% in the fourth quarter. State Street Corp now owns 2,509,105 shares of the bank valued at $227,877,000 after acquiring an additional 111,076 shares last quarter. Victory Capital Management Inc. increased its position in Wintrust Financial by 0.6% during the 1st quarter. Victory Capital Management Inc. now owns 2,029,176 shares of the bank valued at $188,482,000 after acquiring 12,989 additional shares last quarter. Finally, Invesco Ltd. increased its position in Wintrust Financial shares by 7.1% in the third quarter. Invesco Ltd. now owns 824,217 shares of the bank worth $66,243,000 after purchasing an additional 54,799 shares last quarter. Institutional investors hold 89.71% of the company’s shares.
About Wintrust Financial (Get a rating)
Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-intermediate interest bearing transaction accounts, as well as domestic savings and term deposits; home, consumer and real estate loans; safes; and automated teller machine (ATM), online and mobile banking and other services.
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