Wintrust Financial Co. Forecasted to Post FY2024 Earnings of $10.27 Per Share (NASDAQ:WTFC)

Wintrust Financial Co. (NASDAQ:WTFC) – Equities research analysts at Wedbush raised their FY2024 earnings estimates for shares of Wintrust Financial in a report released on Thursday, August 1st. Wedbush analyst D. Chiaverini now forecasts that the bank will post earnings of $10.27 per share for the year, up from their previous forecast of $10.23. Wedbush has a “Outperform” rating and a $130.00 price objective on the stock. The consensus estimate for Wintrust Financial’s current full-year earnings is $10.12 per share. Wedbush also issued estimates for Wintrust Financial’s Q2 2025 earnings at $2.49 EPS.

Several other analysts have also issued reports on WTFC. Citigroup dropped their price target on shares of Wintrust Financial from $115.00 to $113.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Jefferies Financial Group dropped their target price on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Royal Bank of Canada lifted their price target on Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, July 9th. DA Davidson upped their price objective on Wintrust Financial from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Keefe, Bruyette & Woods downgraded Wintrust Financial from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $110.00 to $115.00 in a research note on Friday, July 19th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $117.85.

Wintrust Financial Trading Down 4.3 %

Shares of Wintrust Financial stock opened at $100.62 on Friday. Wintrust Financial has a 12-month low of $71.86 and a 12-month high of $113.68. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average is $99.88 and its 200-day moving average is $98.83. The stock has a market cap of $6.21 billion, a P/E ratio of 10.41 and a beta of 1.18.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Wednesday, July 17th. The bank reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.10). The company had revenue of $591.76 million for the quarter, compared to the consensus estimate of $587.33 million. Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.38 EPS.

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.79%. The ex-dividend date is Thursday, August 8th. Wintrust Financial’s dividend payout ratio (DPR) is 18.61%.

Institutional Investors Weigh In On Wintrust Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mesirow Institutional Investment Management Inc. grew its stake in Wintrust Financial by 1.2% during the second quarter. Mesirow Institutional Investment Management Inc. now owns 111,092 shares of the bank’s stock worth $10,949,000 after buying an additional 1,266 shares in the last quarter. Fiera Capital Corp boosted its position in shares of Wintrust Financial by 1.1% during the 2nd quarter. Fiera Capital Corp now owns 443,284 shares of the bank’s stock worth $43,690,000 after acquiring an additional 4,985 shares in the last quarter. Princeton Capital Management LLC bought a new position in Wintrust Financial in the second quarter valued at approximately $204,000. Natixis Advisors LLC raised its position in Wintrust Financial by 25.2% during the second quarter. Natixis Advisors LLC now owns 40,908 shares of the bank’s stock valued at $4,032,000 after purchasing an additional 8,238 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in Wintrust Financial during the second quarter valued at approximately $168,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

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-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.