Wintrust Financial (NASDAQ:WTFC) Issues Quarterly Earnings Results

Wintrust Financial (NASDAQ:WTFC) posted its quarterly earnings results on Monday. The bank reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03), Briefing.com reports. The business had revenue of $615.73 million for the quarter, compared to analysts’ expectations of $623.45 million. Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.53 earnings per share.

Wintrust Financial Stock Down 2.7 %

Wintrust Financial stock opened at $112.29 on Tuesday. The company has a market capitalization of $6.93 billion, a P/E ratio of 11.61 and a beta of 1.16. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average price of $106.20 and a 200-day moving average price of $101.88. Wintrust Financial has a twelve month low of $71.86 and a twelve month high of $117.77.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Thursday, August 8th. Wintrust Financial’s payout ratio is currently 18.61%.

Wall Street Analyst Weigh In

WTFC has been the subject of a number of analyst reports. DA Davidson upped their price target on Wintrust Financial from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Stephens reissued an “overweight” rating and set a $115.00 price objective on shares of Wintrust Financial in a research report on Thursday, July 18th. Truist Financial lifted their price objective on shares of Wintrust Financial from $118.00 to $123.00 and gave the company a “buy” rating in a report on Friday, September 20th. Royal Bank of Canada boosted their target price on shares of Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods lowered shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $110.00 to $115.00 in a research note on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $118.23.

About Wintrust Financial

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.