Research Analysts Issue Forecasts for WTFC FY2024 Earnings

Wintrust Financial Co. (NASDAQ:WTFC) – Equities research analysts at Wedbush reduced their FY2024 earnings estimates for shares of Wintrust Financial in a research report issued on Tuesday, October 22nd. Wedbush analyst D. Chiaverini now forecasts that the bank will earn $10.20 per share for the year, down from their prior forecast of $10.24. Wedbush currently has a “Outperform” rating and a $130.00 price objective on the stock. The consensus estimate for Wintrust Financial’s current full-year earnings is $10.11 per share. Wedbush also issued estimates for Wintrust Financial’s Q4 2024 earnings at $2.53 EPS, Q1 2025 earnings at $2.52 EPS, Q2 2025 earnings at $2.57 EPS, Q3 2025 earnings at $2.62 EPS, FY2025 earnings at $10.15 EPS and FY2026 earnings at $10.55 EPS.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.03). The firm had revenue of $615.73 million for the quarter, compared to analyst estimates of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.53 EPS.

WTFC has been the topic of several other research reports. Jefferies Financial Group reduced their price target on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Raymond James increased their price objective on shares of Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Wednesday. Keefe, Bruyette & Woods downgraded shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $110.00 to $115.00 in a research note on Friday, July 19th. Piper Sandler increased their price objective on shares of Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Royal Bank of Canada increased their price objective on shares of Wintrust Financial from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $123.00.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $113.02 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $6.98 billion, a price-to-earnings ratio of 11.69 and a beta of 1.16. The firm’s 50 day simple moving average is $107.69 and its 200 day simple moving average is $102.32. Wintrust Financial has a 1 year low of $72.14 and a 1 year high of $117.77.

Insider Transactions at Wintrust Financial

In other news, CFO David L. Stoehr sold 1,607 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total transaction of $182,330.22. Following the completion of the sale, the chief financial officer now directly owns 14,874 shares in the company, valued at $1,687,604.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.47% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Wintrust Financial

A number of large investors have recently bought and sold shares of the stock. Voisard Asset Management Group Inc. acquired a new stake in Wintrust Financial in the third quarter worth $148,000. S.A. Mason LLC bought a new position in shares of Wintrust Financial during the third quarter valued at about $239,000. Nisa Investment Advisors LLC lifted its position in shares of Wintrust Financial by 1.1% during the third quarter. Nisa Investment Advisors LLC now owns 28,490 shares of the bank’s stock valued at $3,092,000 after purchasing an additional 315 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Wintrust Financial by 16.7% during the third quarter. State of Alaska Department of Revenue now owns 7,718 shares of the bank’s stock valued at $837,000 after purchasing an additional 1,105 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of Wintrust Financial by 5.1% during the third quarter. Louisiana State Employees Retirement System now owns 18,400 shares of the bank’s stock valued at $1,997,000 after purchasing an additional 900 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

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.