Wintrust Financial (WTFC) Set to Announce Quarterly Earnings on Monday

Wintrust Financial (NASDAQ:WTFC) will announce its earnings results after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $2.49 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Wednesday, July 17th. The bank reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.10). Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The company had revenue of $591.76 million for the quarter, compared to analyst estimates of $587.33 million. During the same quarter in the previous year, the firm posted $2.38 earnings per share. Wintrust Financial’s quarterly revenue was up 5.6% compared to the same quarter last year. 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 1.4 %

Shares of NASDAQ WTFC opened at $115.37 on Friday. Wintrust Financial has a 52-week low of $71.86 and a 52-week high of $117.77. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $7.12 billion, a P/E ratio of 11.93 and a beta of 1.16. The firm has a 50 day moving average price of $106.20 and a 200 day moving average price of $101.87.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Thursday, August 8th. Wintrust Financial’s dividend payout ratio (DPR) is 18.61%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WTFC. Royal Bank of Canada lifted their target price on Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, July 9th. DA Davidson boosted their price objective on Wintrust Financial from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Stephens restated an “overweight” rating and set a $115.00 target price on shares of Wintrust Financial in a report on Thursday, July 18th. Keefe, Bruyette & Woods cut shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and upped their price target for the company from $110.00 to $115.00 in a report on Friday, July 19th. Finally, Hovde Group restated a “market perform” rating and set a $100.00 price objective on shares of Wintrust Financial in a report on Friday, June 21st. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and an average target price of $118.23.

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.