Q1 2023 Earnings Estimate for Wintrust Financial Co. (NASDAQ:WTFC) Issued By Wedbush

Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) – Investment analysts at Wedbush reduced their Q1 2023 earnings per share (EPS) estimates for shares of Wintrust Financial in a note issued to investors on Thursday, January 19th. Wedbush analyst D. Chiaverini now expects that the bank will earn $2.65 per share for the quarter, down from their prior forecast of $2.70. Wedbush has a “Outperform” rating and a $110.00 price target on the stock. The consensus estimate for Wintrust Financial’s current full-year earnings is $8.41 per share. Wedbush also issued estimates for Wintrust Financial’s Q1 2024 earnings at $2.63 EPS, Q2 2024 earnings at $2.78 EPS, Q3 2024 earnings at $2.83 EPS, Q4 2024 earnings at $2.75 EPS and FY2024 earnings at $11.00 EPS.

Wintrust Financial (NASDAQ:WTFC – Get Rating) last issued its quarterly earnings data on Tuesday, October 18th. The bank reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.10. Wintrust Financial had a return on equity of 11.10% and a net margin of 23.23%. The business had revenue of $502.93 million during the quarter, compared to analyst estimates of $497.95 million. During the same period in the prior year, the company posted $1.77 EPS. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year.

WTFC has been the subject of a number of other reports. DA Davidson decreased their price objective on Wintrust Financial from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday. Piper Sandler lifted their price target on Wintrust Financial from $107.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 20th. Raymond James lowered their price target on Wintrust Financial from $118.00 to $110.00 and set a “strong-buy” rating on the stock in a research report on Friday. Truist Financial lowered their price target on Wintrust Financial from $112.00 to $102.00 in a research report on Friday, December 9th. Finally, Stephens lifted their price target on Wintrust Financial from $107.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, October 20th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $108.78.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $87.23 on Friday. Wintrust Financial has a 12-month low of $76.13 and a 12-month high of $105.56. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 0.48 and a beta of 1.19. The business has a 50 day simple moving average of $86.00 and a 200 day simple moving average of $86.49. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.00 and a quick ratio of 0.99.

Institutional Trading of Wintrust Financial

Several hedge funds and other institutional investors have recently modified their holdings of WTFC. HighTower Advisors LLC boosted its position in shares of Wintrust Financial by 3.9% in the first quarter. HighTower Advisors LLC now owns 11,802 shares of the bank’s stock worth $1,095,000 after buying an additional 438 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Wintrust Financial by 12.8% in the first quarter. PNC Financial Services Group Inc. now owns 3,475 shares of the bank’s stock worth $324,000 after buying an additional 394 shares during the period. Natixis Advisors L.P. boosted its position in shares of Wintrust Financial by 1.5% in the first quarter. Natixis Advisors L.P. now owns 16,809 shares of the bank’s stock worth $1,562,000 after buying an additional 255 shares during the period. MetLife Investment Management LLC raised its holdings in shares of Wintrust Financial by 33.4% during the first quarter. MetLife Investment Management LLC now owns 36,861 shares of the bank’s stock worth $3,425,000 after acquiring an additional 9,235 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Wintrust Financial by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,892 shares of the bank’s stock worth $1,941,000 after acquiring an additional 1,992 shares in the last quarter. Institutional investors and hedge funds own 89.47% of the company’s stock.

Insider Transactions at Wintrust Financial

In other news, CFO David L. Stoehr sold 2,215 shares of the firm’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $92.45, for a total value of $204,776.75. Following the completion of the sale, the chief financial officer now owns 11,266 shares of the company’s stock, valued at $1,041,541.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.41% of the company’s stock.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 25th. Stockholders of record on Thursday, November 10th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Wednesday, November 9th. Wintrust Financial’s dividend payout ratio is presently 18.50%.

Wintrust Financial Company Profile

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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.