Wintrust Financial (NASDAQ:WTFC) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Wintrust Financial (NASDAQ:WTFC) posted its quarterly earnings results on Tuesday. The bank reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.11, Zacks reports. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%.

Wintrust Financial Trading Up 1.4 %

WTFC traded up $1.87 on Tuesday, hitting $136.92. 461,497 shares of the company were exchanged, compared to its average volume of 464,491. The firm has a fifty day simple moving average of $130.98 and a two-hundred day simple moving average of $115.91. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02. Wintrust Financial has a 12 month low of $89.68 and a 12 month high of $142.04. The stock has a market capitalization of $9.10 billion, a PE ratio of 14.34 and a beta of 1.20.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.80 annualized dividend and a yield of 1.31%. Wintrust Financial’s payout ratio is 18.85%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wedbush reiterated an “outperform” rating and set a $130.00 price target on shares of Wintrust Financial in a research note on Tuesday, October 22nd. DA Davidson increased their price objective on Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Truist Financial raised Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. Raymond James increased their price objective on Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 23rd. Finally, Barclays increased their price objective on Wintrust Financial from $130.00 to $151.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

Insider Buying and Selling

In related news, COO David A. Dykstra sold 15,492 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the sale, the chief operating officer now directly owns 197,591 shares in the company, valued at $22,817,808.68. The trade was a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David L. Stoehr sold 1,607 shares of Wintrust Financial stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the sale, the chief financial officer now owns 14,874 shares in the company, valued at $1,687,604.04. This represents a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,198 shares of company stock worth $2,445,314 in the last ninety days. 1.47% of the stock is owned by insiders.

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.