Wintrust Financial Co. Expected to Post Q2 2024 Earnings of $2.47 Per Share (NASDAQ:WTFC)

Wintrust Financial Co. (NASDAQ:WTFC) – Investment analysts at Wedbush lifted their Q2 2024 earnings per share (EPS) estimates for shares of Wintrust Financial in a report issued on Thursday, April 18th. Wedbush analyst D. Chiaverini now expects that the bank will earn $2.47 per share for the quarter, up from their prior forecast of $2.44. Wedbush currently has a “Outperform” rating and a $116.00 target price on the stock. The consensus estimate for Wintrust Financial’s current full-year earnings is $9.90 per share. Wedbush also issued estimates for Wintrust Financial’s Q3 2024 earnings at $2.46 EPS, Q4 2024 earnings at $2.34 EPS, FY2024 earnings at $10.16 EPS, Q2 2025 earnings at $2.52 EPS, Q3 2025 earnings at $2.58 EPS, Q4 2025 earnings at $2.55 EPS and FY2025 earnings at $10.05 EPS.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.47. Wintrust Financial had a return on equity of 13.29% and a net margin of 17.86%. The firm had revenue of $604.77 million for the quarter, compared to the consensus estimate of $577.80 million. During the same quarter in the prior year, the company posted $2.80 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis.

Several other research firms have also recently weighed in on WTFC. Royal Bank of Canada increased their price objective on Wintrust Financial from $109.00 to $116.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods increased their price objective on Wintrust Financial from $103.00 to $106.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. StockNews.com raised Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Thursday. Barclays started coverage on Wintrust Financial in a research report on Friday, March 8th. They issued an “overweight” rating and a $135.00 price objective for the company. Finally, Truist Financial increased their price objective on Wintrust Financial from $111.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $113.33.

Wintrust Financial Trading Up 0.4 %

Shares of WTFC stock opened at $95.30 on Friday. Wintrust Financial has a 12 month low of $58.12 and a 12 month high of $105.29. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $98.11 and its two-hundred day moving average is $90.57. The company has a market cap of $5.88 billion, a PE ratio of 9.86 and a beta of 1.21.

Wintrust Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, February 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.89%. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.40. Wintrust Financial’s dividend payout ratio (DPR) is 18.61%.

Insiders Place Their Bets

In other Wintrust Financial news, EVP Jeffrey D. Hahnfeld sold 588 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total transaction of $57,553.44. Following the transaction, the executive vice president now owns 3,410 shares in the company, valued at $333,770.80. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total transaction of $943,920.00. Following the transaction, the insider now owns 177,124 shares in the company, valued at $17,599,040.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of Wintrust Financial stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total value of $57,553.44. Following the transaction, the executive vice president now owns 3,410 shares in the company, valued at approximately $333,770.80. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

Several institutional investors have recently modified their holdings of the business. Opal Wealth Advisors LLC acquired a new position in Wintrust Financial during the 1st quarter worth approximately $27,000. Johnson Financial Group Inc. bought a new stake in Wintrust Financial in the 4th quarter valued at $25,000. Quent Capital LLC increased its position in Wintrust Financial by 120.8% during the 4th quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after buying an additional 192 shares during the period. Belpointe Asset Management LLC increased its position in Wintrust Financial by 106.2% during the 1st quarter. Belpointe Asset Management LLC now owns 365 shares of the bank’s stock worth $27,000 after buying an additional 188 shares during the period. Finally, GAMMA Investing LLC bought a new position in Wintrust Financial during the 4th quarter worth $41,000. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Company Profile

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-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.