Wall Street brokers expect Wintrust Financial Co. (NASDAQ:WTFC – Get a rating) will report earnings per share of $1.55 for the current fiscal quarter, according to Zacks Investment Research. Six analysts provided earnings estimates for Wintrust Financial, with the highest EPS estimate of $1.71 and the lowest estimate of $1.35. Wintrust Financial posted earnings per share of $2.54 in the same quarter last year, suggesting a negative 39% year-over-year growth rate. The company is expected to release its next earnings report on Monday, January 1.
On average, analysts expect Wintrust Financial to report annual earnings of $6.81 per share for the current year, with EPS estimates ranging from $6.47 to $7.43. For the next fiscal year, analysts expect the company to post earnings of $7.95 per share, with EPS estimates ranging from $7.35 to $9.00. Zacks’ EPS calculations are an average average based on a survey of research firms that provide coverage for Wintrust Financial.
Wintrust Financial (NASDAQ: WTFC - Get a rating) last released its quarterly results on Wednesday, January 19. The bank reported EPS of $1.58 for the quarter, beating Thomson Reuters consensus estimate of $1.55 by $0.03. Wintrust Financial had a return on equity of 11.76% and a net margin of 25.04%. The company posted revenue of $429.74 million for the quarter, compared to $417.42 million expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $1.63. The company’s revenue increased by 2.9% compared to the same quarter last year.
Several research analysts have recently commented on the actions of the WTFC. Janney Montgomery Scott upgraded Wintrust Financial from a “neutral” rating to a “buy” rating in a Tuesday, March 8 research note. Truist Financial raised its price target on Wintrust Financial from $105.00 to $125.00 in a Monday, January 24 research note. Raymond James cut his price target on Wintrust Financial from $127.00 to $124.00 and set a “Strong Buy” rating on the stock in a Tuesday, March 15 research note. Royal Bank of Canada raised its price target on Wintrust Financial from $110.00 to $122.00 in a Friday, January 21 research note. Ultimately, Zacks Investment Research upgraded Wintrust Financial from a “hold” rating to a “buy” rating and set a price target of $104.00 on the stock in a research note on Saturday, January 8. Eight investment analysts gave the stock a buy rating and one gave the company a strong buy rating. According to MarketBeat, the stock currently has an average buy rating and a consensus target price of $106.50.
Major investors have recently been buying and selling shares of the company. Advisor Group Holdings Inc. increased its stake in Wintrust Financial by 5.3% in the third quarter. Advisor Group Holdings Inc. now owns 2,812 shares of the bank worth $226,000 after buying 142 more shares in the last quarter. Fifth Third Bancorp increased its holdings in Wintrust Financial by 2.9% in the third quarter. Fifth Third Bancorp now owns 5,663 shares of the bank worth $455,000 after buying 158 more shares in the last quarter. The Florida Retirement System State Board of Directors increased its holdings in Wintrust Financial by 0.3% in the third quarter. The Florida Retirement System State Board of Directors now owns 49,699 shares of the bank worth $3,994,000 after purchasing 170 additional shares last quarter. Signaturefd LLC increased its holdings in Wintrust Financial by 9.6% in the fourth quarter. Signaturefd LLC now owns 2,014 shares of the bank worth $183,000 after buying 176 additional shares last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Wintrust Financial by 1.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the bank worth $1,335,000 after buying 200 more shares last quarter. 91.36% of the shares are held by institutional investors.
Shares of NASDAQ:WTFC traded at $1.66 during Monday’s trading, hitting $95.07. The company’s shares had a trading volume of 1,231 shares, compared to an average volume of 474,916. The company has a debt ratio of 0.59, a quick ratio of 0.97 and a current ratio of 0, 99. Wintrust Financial has a fifty-two week low of $65.66 and a fifty-two week high of $105.56. The stock’s 50-day moving average price is $97.26 and its two-hundred-day moving average price is $91.55. The company has a market capitalization of $5.44 billion, a PE ratio of 12.53, a PEG ratio of 0.84 and a beta of 1.37.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 24. Shareholders of record on Thursday, February 10 received a dividend of $0.34 per share. The ex-dividend date was Wednesday, February 9. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.31. This represents an annualized dividend of $1.36 and a dividend yield of 1.43%. Wintrust Financial’s dividend payout ratio is 17.92%.
About Wintrust Financial (Get a rating)
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-intermediate interest bearing transaction accounts, as well as domestic savings and term deposits; home, consumer and real estate loans; safes; and automated teller machine (ATM), online and mobile banking and other services.
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