Wintrust Financial (WTFC) Expected to Announce Earnings on Tuesday

Wintrust Financial (NASDAQ:WTFC) will likely be releasing its earnings data after the market closes on Tuesday, January 21st. Analysts expect Wintrust Financial to post earnings of $2.52 per share and revenue of $640,706.96 billion for the quarter.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing the consensus estimate of $2.50 by ($0.03). The firm had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.53 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 Trading Up 2.4 %

NASDAQ WTFC traded up $3.11 during trading on Wednesday, hitting $133.45. The stock had a trading volume of 541,888 shares, compared to its average volume of 416,976. The company has a market capitalization of $8.87 billion, a PE ratio of 13.97 and a beta of 1.20. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average price of $130.64 and a 200 day moving average price of $114.92. Wintrust Financial has a twelve month low of $89.68 and a twelve month high of $142.04.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial’s dividend payout ratio is currently 18.85%.

Insider Transactions at Wintrust Financial

In other news, insider Richard B. Murphy sold 4,099 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total transaction of $473,967.37. Following the completion of the sale, the insider now owns 42,311 shares in the company, valued at $4,892,420.93. This represents a 8.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO David L. Stoehr sold 1,607 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total value of $182,330.22. Following the sale, the chief financial officer now owns 14,874 shares of the company’s stock, valued at $1,687,604.04. This trade represents a 9.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,198 shares of company stock worth $2,445,314 over the last 90 days. 1.47% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on WTFC. Truist Financial raised Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Piper Sandler boosted their price objective on Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Wedbush reissued an “outperform” rating and set a $130.00 price objective on shares of Wintrust Financial in a research report on Tuesday, October 22nd. UBS Group began coverage on Wintrust Financial in a research report on Tuesday, December 17th. They set a “buy” rating and a $157.00 price objective for the company. Finally, Raymond James boosted their price objective on Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

About Wintrust Financial

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.