Wall Street brokerages expect Wintrust Financial Co. (NASDAQ: WTFC) to report earnings per share (EPS) of $ 1.58 for the current quarter, Zacks reports. Six analysts made estimates for Wintrust Financial’s earnings. The lowest EPS estimate is $ 1.34 and the highest is $ 1.74. Wintrust Financial reported earnings of $ 0.34 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 364.7%. The company is expected to report its next results after market close on Tuesday, July 20.
According to Zacks, analysts expect Wintrust Financial to report annual earnings of $ 6.85 per share for the current year, with EPS estimates ranging from $ 6.38 to $ 7.28. For the next fiscal year, analysts predict the company will post earnings of $ 5.52 per share, with EPS estimates ranging from $ 4.99 to $ 6.25. Zacks Investment Research earnings per share averages are an average based on a survey of analysts who track Wintrust Financial.
Wintrust Financial (NASDAQ: WTFC) last reported its results on Sunday, April 18. The bank reported EPS of $ 2.54 for the quarter, beating the Zacks’ consensus estimate of $ 1.41 by $ 1.13. Wintrust Financial recorded a return on equity of 10.37% and a net margin of 19.84%. The company posted revenue of $ 448.40 million for the quarter, compared to a consensus estimate of $ 414.02 million. In the same quarter of the previous year, the company achieved earnings per share of $ 1.04.
The WTFC has been the subject of several research reports. Truist downgraded Wintrust Financial from a “hold” rating to a “buy” rating and raised its price target for the company from $ 67.00 to $ 92.00 in a research note on Friday 21 may. Raymond James raised his target price on Wintrust Financial from $ 78.00 to $ 96.00 and gave the stock a “strong buy” rating in a research note on Tuesday, March 16. Truist Securities downgraded Wintrust Financial from a “hold” rating to a “buy” rating and raised its target share price from $ 67.00 to $ 92.00 in a research note on Friday May 21st. Zacks Investment Research downgraded Wintrust Financial from a “buy” rating to a “keep” rating in a research note on Saturday, April 3. Finally, Jefferies Financial Group increased its target price on Wintrust Financial from $ 75.00 to $ 85 and gave the stock a “buy” rating in a research note on Friday, April 9. Two research analysts rated the stock with a conservation rating, six issued a buy rating, and one gave the company a strong buy rating. The company has a consensus rating of “Buy” and a consensus price target of $ 78.22.
NASDAQ WTFC shares opened at $ 76.68 on Wednesday. Wintrust Financial has a twelve month low of $ 37.28 and a twelve month high of $ 87.85. The company has a leverage ratio of 0.63, a current ratio of 1.00, and a quick ratio of 0.97. The company has a fifty-day moving average price of $ 78.63. The company has a market cap of $ 4.37 billion, a PE ratio of 12.41, a PEG ratio of 0.69 and a beta of 1.61.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 20. Shareholders of record on Thursday, May 6 received a dividend of $ 0.31. This represents an annualized dividend of $ 1.24 and a dividend yield of 1.62%. The ex-dividend date of this dividend was Wednesday May 5. Wintrust Financial’s payout ratio is currently 26.50%.
Institutional investors and hedge funds recently bought and sold shares in the company. Harvest Fund Management Co. Ltd. purchased a new stake in Wintrust Financial during the first quarter for a value of approximately $ 31,000. Acadian Asset Management LLC increased its stake in Wintrust Financial by 77.1% during the 1st quarter. Acadian Asset Management LLC now owns 767 shares of the bank valued at $ 58,000 after acquiring 334 additional shares in the last quarter. Quantbot Technologies LP purchased a new stake in Wintrust Financial during the 1st quarter valued at approximately $ 89,000. Stonebridge Capital Advisors LLC acquired a new stake in Wintrust Financial during the 1st quarter for a value of approximately $ 114,000. Finally, the Toronto Dominion Bank increased its stake in Wintrust Financial by 6,153.8% during the 4th quarter. The Toronto Dominion Bank now owns 1,626 shares of the bank valued at $ 100,000 after acquiring an additional 1,600 shares in the last quarter. 89.78% of the shares are held by hedge funds and other institutional investors.
About Wintrust Financial
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-middleman interest bearing transaction accounts, as well as domestic savings and term deposits; home equity, consumer and real estate loans; safes; and automated teller machines (ATMs), online and mobile banking and other services.
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