Wintrust Financial (NASDAQ:WTFC) Issues Quarterly Earnings Results

Wintrust Financial (NASDAQ:WTFC) posted its quarterly earnings results on Wednesday. The bank reported $2.32 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.10), Briefing.com reports. Wintrust Financial had a return on equity of 12.88% and a net margin of 17.02%. The business had revenue of $591.76 million during the quarter, compared to analyst estimates of $587.33 million. During the same quarter last year, the firm earned $2.38 EPS. The business’s revenue was up 5.6% on a year-over-year basis.

Wintrust Financial Stock Performance

NASDAQ:WTFC traded down $1.24 during mid-day trading on Friday, reaching $105.02. 610,113 shares of the stock were exchanged, compared to its average volume of 379,045. The stock has a market capitalization of $6.48 billion, a P/E ratio of 10.91 and a beta of 1.18. Wintrust Financial has a 1 year low of $71.86 and a 1 year high of $113.68. The company has a 50 day simple moving average of $98.40 and a 200-day simple moving average of $97.71. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.78.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were given a $0.45 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.71%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.61%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Jefferies Financial Group decreased their target price on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. StockNews.com raised Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. Hovde Group reaffirmed a “market perform” rating and issued a $100.00 target price on shares of Wintrust Financial in a report on Friday, June 21st. Royal Bank of Canada increased their price objective on shares of Wintrust Financial from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Tuesday, July 9th. Finally, Piper Sandler lifted their price objective on shares of Wintrust Financial from $113.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and an average price target of $117.00.

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.