Wintrust Financial (WTFC) Set to Announce Earnings on Monday

Wintrust Financial (NASDAQ:WTFC) is scheduled to post its quarterly earnings results after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $2.49 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Wednesday, July 17th. The bank reported $2.32 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.10). The business had revenue of $591.76 million during the quarter, compared to analysts’ expectations of $587.33 million. Wintrust Financial had a net margin of 17.02% and a return on equity of 12.71%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the company earned $2.38 earnings per share. On average, analysts expect Wintrust Financial to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Wintrust Financial Trading Down 1.4 %

NASDAQ WTFC opened at $115.37 on Friday. Wintrust Financial has a 1 year low of $71.86 and a 1 year high of $117.77. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $7.12 billion, a PE ratio of 11.93 and a beta of 1.16. The company has a fifty day moving average of $106.20 and a 200 day moving average of $101.87.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were issued a $0.45 dividend. The ex-dividend date was Thursday, August 8th. This represents a $1.80 annualized dividend and a dividend yield of 1.56%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.61%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Stephens reiterated an “overweight” rating and set a $115.00 price target on shares of Wintrust Financial in a research report on Thursday, July 18th. Keefe, Bruyette & Woods cut shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $110.00 to $115.00 in a research note on Friday, July 19th. DA Davidson raised their price target on shares of Wintrust Financial from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Piper Sandler lifted their price objective on shares of Wintrust Financial from $113.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, Jefferies Financial Group lowered their target price on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.23.

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.