Analysts expect Wintrust Financial Co. (NASDAQ:WTFC) to announce $1.45 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Wintrust Financial’s earnings. The highest EPS estimate is $1.52 and the lowest is $1.40. Wintrust Financial posted earnings of $1.11 per share in the same quarter last year, which suggests a positive year over year growth rate of 30.6%. The firm is expected to issue its next earnings report on Tuesday, July 17th.
According to Zacks, analysts expect that Wintrust Financial will report full-year earnings of $5.87 per share for the current year, with EPS estimates ranging from $5.75 to $5.98. For the next financial year, analysts expect that the company will report earnings of $6.40 per share, with EPS estimates ranging from $6.20 to $6.54. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Wintrust Financial.
Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, April 16th. The bank reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.12. The business had revenue of $310.76 million for the quarter, compared to analyst estimates of $302.62 million. Wintrust Financial had a net margin of 21.18% and a return on equity of 10.00%. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 earnings per share.
A number of analysts have recently commented on the stock. BidaskClub lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Friday. FIG Partners raised shares of Wintrust Financial from a “market perform” rating to an “outperform” rating in a research report on Friday, February 9th. Hovde Group reaffirmed a “market perform” rating and set a $90.00 price target (up from $85.00) on shares of Wintrust Financial in a research report on Thursday, February 8th. Wedbush upped their price target on shares of Wintrust Financial from $98.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 17th. Finally, Zacks Investment Research lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $92.70.
Shares of WTFC stock traded down $0.18 during trading on Friday, reaching $94.08. The company’s stock had a trading volume of 10,060 shares, compared to its average volume of 364,507. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.53. The firm has a market cap of $5.36 billion, a PE ratio of 21.38, a P/E/G ratio of 1.20 and a beta of 0.84. Wintrust Financial has a one year low of $67.74 and a one year high of $99.96.
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 24th. Investors of record on Thursday, May 10th were paid a $0.19 dividend. The ex-dividend date was Wednesday, May 9th. This represents a $0.76 annualized dividend and a dividend yield of 0.81%. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.27%.
In other Wintrust Financial news, Director Gary D. Sweeney purchased 330 shares of the firm’s stock in a transaction that occurred on Thursday, April 19th. The shares were acquired at an average cost of $90.59 per share, for a total transaction of $29,894.70. Following the completion of the purchase, the director now owns 3,345 shares of the company’s stock, valued at approximately $303,023.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Richard B. Murphy sold 1,795 shares of the stock in a transaction dated Friday, April 20th. The stock was sold at an average price of $90.99, for a total transaction of $163,327.05. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in Wintrust Financial by 4.2% during the first quarter. BlackRock Inc. now owns 7,138,457 shares of the bank’s stock worth $614,263,000 after buying an additional 287,860 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Wintrust Financial by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 1,907,213 shares of the bank’s stock worth $164,116,000 after acquiring an additional 34,001 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Wintrust Financial by 1.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,758,337 shares of the bank’s stock worth $151,304,000 after acquiring an additional 22,111 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Wintrust Financial by 4.3% in the fourth quarter. Bank of New York Mellon Corp now owns 766,712 shares of the bank’s stock worth $63,155,000 after acquiring an additional 31,479 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Wintrust Financial by 11.2% in the first quarter. Nuveen Asset Management LLC now owns 563,548 shares of the bank’s stock worth $48,493,000 after acquiring an additional 56,975 shares during the last quarter. Hedge funds and other institutional investors own 90.04% of the company’s stock.
Wintrust Financial Company Profile
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.
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