Wintrust Financial Co. (NASDAQ:WTFC) Expected to Earn Q2 2024 Earnings of $2.47 Per Share

Wintrust Financial Co. (NASDAQ:WTFC) – Equities research analysts at Wedbush upped their Q2 2024 earnings estimates for shares of Wintrust Financial in a note issued to investors on Thursday, April 18th. Wedbush analyst D. Chiaverini now expects that the bank will earn $2.47 per share for the quarter, up from their previous forecast of $2.44. Wedbush currently has a “Outperform” rating and a $116.00 target price on the stock. The consensus estimate for Wintrust Financial’s current full-year earnings is $9.90 per share. Wedbush also issued estimates for Wintrust Financial’s Q3 2024 earnings at $2.46 EPS, Q4 2024 earnings at $2.34 EPS, FY2024 earnings at $10.16 EPS, Q2 2025 earnings at $2.52 EPS, Q3 2025 earnings at $2.58 EPS, Q4 2025 earnings at $2.55 EPS and FY2025 earnings at $10.05 EPS.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, beating the consensus estimate of $2.42 by $0.47. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.29%. The firm had revenue of $604.77 million during the quarter, compared to analyst estimates of $577.80 million. During the same quarter last year, the business posted $2.80 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis.

Other research analysts also recently issued research reports about the company. Stephens restated an “overweight” rating and issued a $110.00 price objective on shares of Wintrust Financial in a research note on Tuesday. Raymond James raised their price objective on shares of Wintrust Financial from $95.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Friday, January 19th. Truist Financial lifted their price objective on shares of Wintrust Financial from $111.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Citigroup raised their price target on shares of Wintrust Financial from $114.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Wintrust Financial from $103.00 to $106.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $112.92.

Wintrust Financial Stock Performance

Shares of WTFC opened at $97.31 on Friday. The stock has a 50 day moving average of $98.18 and a 200 day moving average of $90.73. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 10.06 and a beta of 1.21. Wintrust Financial has a 12 month low of $58.12 and a 12 month high of $105.29. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.73.

Institutional Trading of Wintrust Financial

Hedge funds have recently made changes to their positions in the stock. Johnson Financial Group Inc. bought a new stake in Wintrust Financial during the fourth quarter worth about $25,000. Opal Wealth Advisors LLC bought a new stake in Wintrust Financial in the 1st quarter worth approximately $27,000. Belpointe Asset Management LLC boosted its stake in Wintrust Financial by 106.2% in the first quarter. Belpointe Asset Management LLC now owns 365 shares of the bank’s stock worth $27,000 after buying an additional 188 shares in the last quarter. Quent Capital LLC grew its position in Wintrust Financial by 120.8% during the fourth quarter. Quent Capital LLC now owns 351 shares of the bank’s stock valued at $33,000 after acquiring an additional 192 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of Wintrust Financial during the fourth quarter worth approximately $41,000. 93.48% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Edward J. Wehmer sold 9,500 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the transaction, the insider now directly owns 177,124 shares in the company, valued at approximately $17,599,040.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Wintrust Financial news, EVP Jeffrey D. Hahnfeld sold 588 shares of Wintrust Financial stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the completion of the sale, the executive vice president now directly owns 3,410 shares in the company, valued at $333,770.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Edward J. Wehmer sold 9,500 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the transaction, the insider now directly owns 177,124 shares in the company, valued at approximately $17,599,040.64. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by insiders.

Wintrust Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.80 annualized dividend and a yield of 1.85%. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.40. Wintrust Financial’s payout ratio is currently 18.61%.

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.