Wintrust Financial (NASDAQ:WTFC) announced its quarterly earnings results on Monday, January 22nd. The bank reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.04, RTT News reports. The company had revenue of $300.14 million during the quarter, compared to analysts’ expectations of $299.47 million. Wintrust Financial had a return on equity of 9.49% and a net margin of 20.35%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 earnings per share.
Wintrust Financial (WTFC) opened at $83.03 on Wednesday. The company has a market capitalization of $4,582.99, a P/E ratio of 18.61, a PEG ratio of 1.10 and a beta of 0.85. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.43. Wintrust Financial has a 1-year low of $64.14 and a 1-year high of $89.34.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be issued a $0.19 dividend. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.14. This represents a $0.76 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Wednesday, February 7th. Wintrust Financial’s payout ratio is presently 17.27%.
A number of research firms have recently commented on WTFC. BidaskClub upgraded Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Hovde Group restated a “market perform” rating and set a $90.00 price target (up from $85.00) on shares of Wintrust Financial in a research note on Thursday, February 8th. SunTrust Banks restated a “hold” rating and set a $88.00 price target on shares of Wintrust Financial in a research note on Wednesday, November 29th. FIG Partners raised Wintrust Financial from a “market perform” rating to an “outperform” rating in a report on Friday, February 9th. Finally, Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Saturday, January 6th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $88.67.
In other Wintrust Financial news, insider Edward J. Wehmer sold 14,173 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $87.66, for a total transaction of $1,242,405.18. Following the transaction, the insider now owns 134,864 shares of the company’s stock, valued at approximately $11,822,178.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP David A. Dykstra sold 11,235 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $87.56, for a total value of $983,736.60. Following the transaction, the executive vice president now directly owns 39,365 shares in the company, valued at approximately $3,446,799.40. The disclosure for this sale can be found here. Insiders sold a total of 30,676 shares of company stock worth $2,687,566 over the last three months. 1.97% of the stock is owned by company insiders.
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Wintrust Financial Company Profile
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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