Wintrust Financial (NASDAQ:WTFC) Issues Earnings Results

Wintrust Financial (NASDAQ:WTFC) issued its quarterly earnings results on Monday. The bank reported $2.69 earnings per share (EPS) for the quarter, topping 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

Wintrust Financial stock traded down $1.08 during mid-day trading on Monday, reaching $101.43. The company had a trading volume of 437,666 shares, compared to its average volume of 493,325. The stock’s 50-day simple moving average is $113.02 and its 200-day simple moving average is $121.77. The company has a market capitalization of $6.79 billion, a P/E ratio of 9.84 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. Wintrust Financial has a 1 year low of $89.10 and a 1 year high of $142.04.

Wintrust Financial Dividend Announcement

The business also recently disclosed 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. This represents a $2.00 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, May 8th. Wintrust Financial’s dividend payout ratio (DPR) is 19.40%.

Analyst Ratings Changes

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

Insider Activity at Wintrust Financial

In related news, CFO David L. Stoehr sold 2,363 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total value of $310,309.16. Following the sale, the chief financial officer now owns 19,858 shares of the company’s stock, valued at approximately $2,607,752.56. This represents a 10.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard B. Murphy sold 3,186 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.30, for a total value of $418,321.80. Following the transaction, the insider now directly owns 48,814 shares of the company’s stock, valued at $6,409,278.20. The trade was a 6.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,178 shares of company stock valued at $1,336,315 in the last ninety days. Corporate insiders own 1.01% of the company’s stock.

About Wintrust Financial

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.