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

Wintrust Financial (NASDAQ:WTFC) will likely be announcing its earnings results after the market closes on Monday, April 21st. Analysts expect the company to announce earnings of $2.52 per share and revenue of $643.11 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter in the previous year, the business earned $1.87 earnings per share. On average, analysts expect Wintrust Financial to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock opened at $102.51 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Wintrust Financial has a 52 week low of $89.10 and a 52 week high of $142.04. The firm’s 50 day moving average is $113.02 and its two-hundred day moving average is $121.65. The firm has a market capitalization of $6.86 billion, a P/E ratio of 9.94 and a beta of 0.94.

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Thursday, May 8th. Wintrust Financial’s dividend payout ratio (DPR) is 19.40%.

Insiders Place Their Bets

In other news, CFO David L. Stoehr sold 2,363 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total transaction of $310,309.16. Following the transaction, the chief financial officer now directly owns 19,858 shares in the company, valued at $2,607,752.56. The trade was a 10.63 % 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, COO David A. Dykstra sold 4,213 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total transaction of $553,209.03. Following the completion of the sale, the chief operating officer now owns 206,294 shares of the company’s stock, valued at approximately $27,088,465.14. The trade was a 2.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,178 shares of company stock worth $1,336,315. 1.01% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WTFC. StockNews.com cut shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Saturday, February 15th. Piper Sandler boosted their target price on Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada restated an “outperform” rating and set a $152.00 price target on shares of Wintrust Financial in a research note on Thursday, January 23rd. Raymond James reiterated a “strong-buy” rating and issued a $150.00 price objective (up previously from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. Finally, Barclays decreased their price objective on Wintrust Financial from $155.00 to $138.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Wintrust Financial currently has an average rating of “Moderate Buy” and a consensus target price of $132.38.

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.