Wintrust Financial (NASDAQ:WTFC) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Wintrust Financial (NASDAQ:WTFC) posted its quarterly earnings results on Monday. The bank reported $3.37 EPS for the quarter, beating the consensus estimate of $3.31 by $0.06, FiscalAI reports. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%.

Wintrust Financial Stock Down 1.1%

Shares of Wintrust Financial stock traded down $1.64 on Monday, reaching $142.44. 701,355 shares of the company were exchanged, compared to its average volume of 513,195. Wintrust Financial has a 1-year low of $122.00 and a 1-year high of $167.21. The company has a market cap of $9.61 billion, a P/E ratio of 11.44 and a beta of 0.89. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. The stock’s 50 day moving average price is $149.90 and its 200-day moving average price is $152.23.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, August 6th. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WTFC shares. Barclays lowered their target price on Wintrust Financial from $192.00 to $190.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Brean Capital cut shares of Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 price objective on the stock. in a report on Tuesday, July 21st. DA Davidson boosted their target price on shares of Wintrust Financial from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Wells Fargo & Company began coverage on shares of Wintrust Financial in a research note on Thursday, September 24th. They issued an “equal weight” rating and a $160.00 price target on the stock. Finally, Raymond James Financial assumed coverage on Wintrust Financial in a report on Tuesday, July 7th. They set an “outperform” rating and a $180.00 price target on the stock. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $176.20.

Insider Buying and Selling at Wintrust Financial

In related news, COO David Dykstra sold 13,515 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total value of $2,199,836.55. Following the sale, the chief operating officer owned 166,449 shares of the company’s stock, valued at $27,092,903.73. This trade represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.24% of the company’s stock.

Wintrust Financial Company Profile

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Through its network of community banking subsidiaries, the company provides banking and financial services to individuals, families, businesses and institutions.

Its offerings include checking and savings accounts, commercial and consumer lending, residential mortgages, treasury management, cash management and other deposit services. Wintrust also provides wealth management, investment services, insurance-related products and specialized finance solutions, including equipment finance and premium finance.

Founded in 1991, Wintrust has built its business through a community banking model that combines local decision-making and relationship-based service with the resources of a larger financial organization.