Wintrust Financial (NASDAQ:WTFC) Issues Earnings Results, Beats Expectations By $0.11 EPS

Wintrust Financial (NASDAQ:WTFC) released its quarterly earnings results on Tuesday. The bank reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.11, Zacks reports. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.92%. During the same period in the previous year, the company earned $1.87 EPS.

Wintrust Financial Stock Down 2.7 %

Wintrust Financial stock opened at $133.29 on Thursday. Wintrust Financial has a 12 month low of $89.68 and a 12 month high of $142.04. The stock has a fifty day simple moving average of $131.06 and a two-hundred day simple moving average of $116.32. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of 12.93 and a beta of 1.20.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on WTFC shares. Citigroup lifted their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com cut Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Wednesday. Raymond James increased their target price on Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 23rd. Truist Financial raised Wintrust Financial to a “strong-buy” rating in a research note on Monday, January 6th. Finally, UBS Group started coverage on Wintrust Financial in a research report on Tuesday, December 17th. They set a “buy” rating and a $157.00 price objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.00.

Insider Activity at Wintrust Financial

In related news, COO David A. Dykstra sold 15,492 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the transaction, the chief operating officer now owns 197,591 shares in the company, valued at $22,817,808.68. This represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total transaction of $473,967.37. Following the completion of the sale, the insider now directly owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. This trade represents a 8.83 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by insiders.

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.