Piper Sandler Research Analysts Cut Earnings Estimates for Wintrust Financial Co. (NASDAQ:WTFC)

Wintrust Financial Co. (NASDAQ:WTFC) – Investment analysts at Piper Sandler dropped their FY2021 earnings per share (EPS) estimates for shares of Wintrust Financial in a research report issued to clients and investors on Monday, January 10th. Piper Sandler analyst N. Race now expects that the bank will post earnings per share of $7.61 for the year, down from their previous estimate of $7.81. Piper Sandler also issued estimates for Wintrust Financial’s Q4 2021 earnings at $1.60 EPS.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, October 18th. The bank reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.25. Wintrust Financial had a net margin of 25.11% and a return on equity of 12.12%. The company had revenue of $423.97 million during the quarter, compared to analyst estimates of $408.34 million. During the same period in the previous year, the business earned $1.67 EPS.

Several other brokerages also recently weighed in on WTFC. Royal Bank of Canada upped their target price on shares of Wintrust Financial from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, October 21st. Zacks Investment Research upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research report on Saturday, January 8th. Truist increased their price objective on shares of Wintrust Financial from $88.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, October 21st. Truist Securities increased their price objective on shares of Wintrust Financial from $88.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, October 21st. Finally, Raymond James upped their target price on shares of Wintrust Financial from $108.00 to $112.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 29th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $94.30.

NASDAQ:WTFC opened at $102.78 on Thursday. Wintrust Financial has a 12 month low of $60.07 and a 12 month high of $102.84. The company has a 50 day simple moving average of $92.44 and a two-hundred day simple moving average of $82.74. The company has a current ratio of 1.00, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. The company has a market cap of $5.86 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 0.99 and a beta of 1.48.

The business also recently declared a quarterly dividend, which was paid on Friday, November 26th. Stockholders of record on Thursday, November 11th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Tuesday, November 9th. Wintrust Financial’s dividend payout ratio (DPR) is 16.23%.

In related news, Director Alex E. Washington III purchased 4,500 shares of the business’s stock in a transaction dated Wednesday, December 8th. The stock was acquired at an average price of $89.61 per share, for a total transaction of $403,245.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Vice Chairman Richard B. Murphy sold 2,174 shares of the firm’s stock in a transaction dated Monday, October 25th. The shares were sold at an average price of $92.08, for a total transaction of $200,181.92. The disclosure for this sale can be found here. 1.58% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. boosted its position in shares of Wintrust Financial by 5.3% in the third quarter. Advisor Group Holdings Inc. now owns 2,812 shares of the bank’s stock worth $226,000 after acquiring an additional 142 shares during the last quarter. Greenleaf Trust raised its stake in shares of Wintrust Financial by 5.1% during the second quarter. Greenleaf Trust now owns 3,195 shares of the bank’s stock valued at $242,000 after purchasing an additional 156 shares during the period. Fifth Third Bancorp increased its stake in shares of Wintrust Financial by 2.9% in the third quarter. Fifth Third Bancorp now owns 5,663 shares of the bank’s stock worth $455,000 after buying an additional 158 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Wintrust Financial by 0.8% in the second quarter. Great West Life Assurance Co. Can now owns 22,247 shares of the bank’s stock worth $1,683,000 after purchasing an additional 166 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Wintrust Financial by 0.3% in the third quarter. State Board of Administration of Florida Retirement System now owns 49,699 shares of the bank’s stock worth $3,994,000 after purchasing an additional 170 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Wintrust Financial Company Profile

Wintrust Financial Corp. is a bank holding company, which engages in the provision of banking and financial services. It operates through the following segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment provides community-oriented, personal and commercial banking services to customers located in its market area.

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Earnings History and Estimates for Wintrust Financial (NASDAQ:WTFC)

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