Wintrust Financial (NASDAQ:WTFC – Get Free Report) 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
Read Our Latest Research Report on WTFC
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.
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