Wintrust Financial (WTFC) Scheduled to Post Earnings on Wednesday

Wintrust Financial (NASDAQ:WTFC) is set to post its quarterly earnings results after the market closes on Wednesday, April 17th. Analysts expect Wintrust Financial to post earnings of $2.43 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Thursday, January 18th. The bank reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.55). Wintrust Financial had a return on equity of 13.23% and a net margin of 18.71%. The business had revenue of $570.80 million for the quarter, compared to analysts’ expectations of $578.89 million. During the same period last year, the business earned $2.23 earnings per share. On average, analysts expect Wintrust Financial to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Wintrust Financial Stock Down 0.6 %

Shares of NASDAQ WTFC opened at $97.00 on Monday. Wintrust Financial has a 1 year low of $58.12 and a 1 year high of $105.29. The firm’s 50 day moving average price is $97.87 and its 200 day moving average price is $90.23. The firm has a market cap of $5.99 billion, a P/E ratio of 10.13 and a beta of 1.21. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.99 and a current ratio of 0.99.

Wintrust Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.86%. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.40. Wintrust Financial’s dividend payout ratio (DPR) is 18.79%.

Insider Activity

In other news, EVP Jeffrey D. Hahnfeld sold 588 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total value of $57,553.44. Following the transaction, the executive vice president now owns 3,410 shares of the company’s stock, valued at approximately $333,770.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Edward J. Wehmer sold 9,500 shares of Wintrust Financial stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the sale, the insider now owns 177,124 shares of the company’s stock, valued at approximately $17,599,040.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total transaction of $57,553.44. Following the completion of the transaction, the executive vice president now owns 3,410 shares in the company, valued at approximately $333,770.80. The disclosure for this sale can be found here. Insiders own 1.41% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

A number of institutional investors have recently added to or reduced their stakes in WTFC. Belpointe Asset Management LLC lifted its holdings in Wintrust Financial by 106.2% in the 1st quarter. Belpointe Asset Management LLC now owns 365 shares of the bank’s stock worth $27,000 after buying an additional 188 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new position in Wintrust Financial in the 4th quarter worth $44,000. Quarry LP lifted its holdings in Wintrust Financial by 36.1% in the 1st quarter. Quarry LP now owns 663 shares of the bank’s stock worth $48,000 after buying an additional 176 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in Wintrust Financial in the 1st quarter worth $59,000. Finally, State of Wyoming acquired a new position in Wintrust Financial in the 4th quarter worth $101,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WTFC. Raymond James raised their target price on shares of Wintrust Financial from $95.00 to $115.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 19th. Royal Bank of Canada raised their target price on shares of Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods raised their target price on shares of Wintrust Financial from $103.00 to $106.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Truist Financial lifted their price target on shares of Wintrust Financial from $111.00 to $117.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, Barclays began coverage on shares of Wintrust Financial in a report on Friday, March 8th. They issued an “overweight” rating and a $135.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.17.

Wintrust Financial Company Profile

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.