Wintrust Financial (WTFC) Expected to Announce Quarterly Earnings on Tuesday

Wintrust Financial (NASDAQ:WTFCGet Free Report) is expected to announce its earnings results after the market closes on Tuesday, January 21st. Analysts expect the company to announce earnings of $2.52 per share and revenue of $640,706.96 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last released its quarterly earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The business had revenue of $615.73 million for the quarter, compared to the consensus estimate of $623.45 million. During the same period last year, the firm posted $2.53 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. 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 Price Performance

NASDAQ WTFC opened at $135.05 on Monday. Wintrust Financial has a 12 month low of $89.68 and a 12 month high of $142.04. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01. The firm has a market capitalization of $8.98 billion, a PE ratio of 14.14 and a beta of 1.20. The company’s 50 day simple moving average is $130.94 and its 200 day simple moving average is $115.65.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.80 annualized dividend and a yield of 1.33%. Wintrust Financial’s dividend payout ratio (DPR) is 18.85%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Piper Sandler lifted their price objective on shares of Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Citigroup boosted their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Barclays boosted their target price on shares of Wintrust Financial from $130.00 to $151.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. DA Davidson boosted their target price on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Raymond James boosted their target price on shares of 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 given 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 an average target price of $128.00.

View Our Latest Analysis on WTFC

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 15,492 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total value of $1,789,016.16. Following the completion of the sale, the chief operating officer now owns 197,591 shares in the company, valued at $22,817,808.68. This trade represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David L. Stoehr sold 1,607 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total transaction of $182,330.22. Following the completion of the sale, the chief financial officer now owns 14,874 shares of the company’s stock, valued at approximately $1,687,604.04. This 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 valued at $2,445,314 over the last quarter. Corporate insiders own 1.47% of the company’s stock.

Wintrust Financial Company Profile

(Get Free Report)

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.

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Earnings History for Wintrust Financial (NASDAQ:WTFC)

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