Wintrust Financial (NASDAQ:WTFC) Releases Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Wintrust Financial (NASDAQ:WTFC) posted its quarterly earnings data on Monday. The bank reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.15, Zacks reports. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.

Wintrust Financial Trading Down 0.4%

WTFC traded down $0.64 during trading hours on Monday, reaching $163.66. 863,276 shares of the company’s stock traded hands, compared to its average volume of 499,744. The firm has a 50-day moving average price of $155.22 and a 200 day moving average price of $148.90. The firm has a market capitalization of $11.04 billion, a PE ratio of 13.72 and a beta of 0.84. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. Wintrust Financial has a 52-week low of $119.61 and a 52-week high of $167.21.

Insiders Place Their Bets

In other news, CFO David L. Stoehr sold 3,020 shares of the business’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total transaction of $454,359.00. Following the completion of the sale, the chief financial officer directly owned 13,213 shares of the company’s stock, valued at approximately $1,987,895.85. The trade was a 18.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO David A. Dykstra sold 9,579 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $148.82, for a total transaction of $1,425,546.78. Following the completion of the transaction, the chief operating officer owned 179,810 shares in the company, valued at approximately $26,759,324.20. The trade was a 5.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,099 shares of company stock worth $1,954,386 over the last quarter. Company insiders own 1.24% of the company’s stock.

Institutional Investors Weigh In On Wintrust Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. bought a new position in Wintrust Financial in the 1st quarter worth about $27,000. Strive Financial Group LLC purchased a new stake in shares of Wintrust Financial in the fourth quarter valued at approximately $39,000. State of Wyoming bought a new position in Wintrust Financial in the second quarter worth approximately $41,000. Los Angeles Capital Management LLC purchased a new position in Wintrust Financial during the 4th quarter worth $41,000. Finally, EverSource Wealth Advisors LLC raised its position in Wintrust Financial by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank’s stock valued at $50,000 after purchasing an additional 320 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Analyst Ratings Changes

WTFC has been the topic of several recent research reports. Citigroup increased their price target on Wintrust Financial from $178.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. UBS Group reaffirmed a “neutral” rating and set a $170.00 price objective on shares of Wintrust Financial in a research note on Tuesday, July 7th. Stephens began coverage on shares of Wintrust Financial in a research report on Friday, March 27th. They set an “equal weight” rating and a $160.00 price objective on the stock. Royal Bank Of Canada increased their target price on shares of Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Raymond James Financial started coverage on shares of Wintrust Financial in a report on Tuesday, July 7th. They issued an “outperform” rating and a $180.00 target price for the company. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.92.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.