Wintrust Financial (NASDAQ:WTFC) released its quarterly earnings results on Tuesday. The bank reported $1.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.22, MarketWatch Earnings reports. Wintrust Financial had a return on equity of 7.63% and a net margin of 14.33%. During the same period in the prior year, the firm posted $1.44 earnings per share.
Shares of WTFC stock opened at $68.74 on Thursday. Wintrust Financial has a twelve month low of $22.02 and a twelve month high of $69.88. The business has a fifty day simple moving average of $62.42 and a 200 day simple moving average of $50.04. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The company has a market cap of $3.96 billion, a P/E ratio of 15.24, a P/E/G ratio of 0.76 and a beta of 1.61.
In other Wintrust Financial news, President Timothy Crane sold 6,968 shares of the company’s stock in a transaction dated Thursday, December 10th. The stock was sold at an average price of $59.32, for a total value of $413,341.76. Following the completion of the transaction, the president now owns 27,794 shares of the company’s stock, valued at approximately $1,648,740.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Edward J. Wehmer sold 15,000 shares of the company’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $53.14, for a total value of $797,100.00. In the last ninety days, insiders sold 36,141 shares of company stock valued at $2,051,042. Insiders own 1.58% of the company’s stock.
A number of analysts have recently weighed in on WTFC shares. Keefe, Bruyette & Woods downgraded Wintrust Financial from an “outperform” rating to a “market perform” rating and set a $56.00 target price for the company. in a research report on Thursday, October 22nd. Zacks Investment Research upgraded Wintrust Financial from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Saturday, October 3rd. Piper Sandler upgraded Wintrust Financial from a “neutral” rating to an “overweight” rating and upped their target price for the company from $65.00 to $78.00 in a research report on Wednesday, January 13th. Janney Montgomery Scott downgraded Wintrust Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 25th. Finally, Raymond James upped their target price on Wintrust Financial from $65.00 to $73.00 and gave the company a “strong-buy” rating in a research report on Wednesday, December 2nd. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $55.60.
About Wintrust Financial
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), online and mobile banking, and other services.
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