Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) – Stock analysts at Jefferies Financial Group raised their Q2 2022 earnings per share estimates for Wintrust Financial in a report released on Monday, July 11th. Jefferies Financial Group analyst C. Haire now forecasts that the bank will post earnings per share of $1.98 for the quarter, up from their previous forecast of $1.89. The consensus estimate for Wintrust Financial’s current full-year earnings is $7.63 per share. Jefferies Financial Group also issued estimates for Wintrust Financial’s Q3 2022 earnings at $2.31 EPS, Q4 2022 earnings at $2.40 EPS, FY2022 earnings at $8.77 EPS and FY2023 earnings at $9.15 EPS.
Other analysts have also issued reports about the company. StockNews.com started coverage on Wintrust Financial in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Truist Financial lowered their price objective on Wintrust Financial from $125.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, July 6th. UBS Group raised their price objective on Wintrust Financial from $95.00 to $104.00 in a research report on Thursday, April 21st. Raymond James lowered their price objective on Wintrust Financial from $130.00 to $111.00 and set a “strong-buy” rating for the company in a research report on Wednesday, June 29th. Finally, Piper Sandler lowered their price objective on Wintrust Financial from $121.00 to $106.00 and set an “overweight” rating for the company in a research report on Thursday, June 9th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $104.50.
Shares of WTFC stock opened at $78.71 on Wednesday. The business’s 50-day moving average price is $82.97 and its 200-day moving average price is $91.04. Wintrust Financial has a 12 month low of $65.66 and a 12 month high of $105.56. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 0.63 and a beta of 1.28. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.59.
Wintrust Financial (NASDAQ:WTFC – Get Rating) last announced its quarterly earnings results on Tuesday, April 19th. The bank reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.53. Wintrust Financial had a return on equity of 10.95% and a net margin of 23.67%. The firm had revenue of $462.08 million for the quarter, compared to analyst estimates of $427.66 million. During the same period last year, the firm posted $2.54 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis.
A number of hedge funds have recently bought and sold shares of the business. Profund Advisors LLC boosted its position in Wintrust Financial by 3.4% in the first quarter. Profund Advisors LLC now owns 3,847 shares of the bank’s stock worth $358,000 after purchasing an additional 125 shares during the last quarter. Wintrust Investments LLC raised its stake in shares of Wintrust Financial by 4.9% in the first quarter. Wintrust Investments LLC now owns 2,708 shares of the bank’s stock valued at $252,000 after buying an additional 127 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Wintrust Financial by 3.2% in the first quarter. Crossmark Global Holdings Inc. now owns 4,880 shares of the bank’s stock valued at $453,000 after buying an additional 150 shares during the period. Signaturefd LLC raised its stake in shares of Wintrust Financial by 9.6% in the fourth quarter. Signaturefd LLC now owns 2,014 shares of the bank’s stock valued at $183,000 after buying an additional 176 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in shares of Wintrust Financial by 31.8% in the first quarter. Quadrant Capital Group LLC now owns 730 shares of the bank’s stock valued at $68,000 after buying an additional 176 shares during the period. 89.71% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director H Patrick Hackett, Jr. acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 26th. The stock was purchased at an average price of $91.23 per share, for a total transaction of $456,150.00. Following the completion of the acquisition, the director now directly owns 40,037 shares in the company, valued at approximately $3,652,575.51. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.41% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 26th. Stockholders of record on Thursday, May 12th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, May 11th. This represents a $1.36 annualized dividend and a dividend yield of 1.73%. Wintrust Financial’s dividend payout ratio is 19.10%.
About Wintrust Financial (Get 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-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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