Wintrust Financial (NASDAQ:WTFC) Announces Quarterly Earnings Results

Wintrust Financial (NASDAQ:WTFC) issued its quarterly earnings data on Monday. The bank reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.17, Zacks reports. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%.

Wintrust Financial Price Performance

NASDAQ:WTFC traded down $1.08 during mid-day trading on Monday, hitting $101.43. The company’s stock had a trading volume of 437,656 shares, compared to its average volume of 413,126. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The stock has a fifty day moving average of $113.02 and a 200-day moving average of $121.77. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 9.84 and a beta of 0.94. Wintrust Financial has a fifty-two week low of $89.10 and a fifty-two week high of $142.04.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.00 dividend on an annualized basis and a yield of 1.97%. Wintrust Financial’s payout ratio is currently 19.40%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WTFC shares. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Barclays lowered their price target on Wintrust Financial from $155.00 to $138.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 price objective on shares of Wintrust Financial in a report on Thursday, January 23rd. Piper Sandler boosted their target price on shares of Wintrust Financial from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Raymond James reiterated a “strong-buy” rating and issued a $150.00 price objective (up from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Wintrust Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.38.

Insider Activity

In other Wintrust Financial news, EVP Jeffrey D. Hahnfeld sold 416 shares of Wintrust Financial stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total transaction of $54,475.20. Following the completion of the transaction, the executive vice president now directly owns 2,276 shares of the company’s stock, valued at approximately $298,042.20. This trade represents a 15.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO David A. Dykstra sold 4,213 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was 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 directly owns 206,294 shares in the company, 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 ninety days, insiders have sold 10,178 shares of company stock worth $1,336,315. Company insiders own 1.01% of the company’s stock.

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.