Equities analysts expect Wintrust Financial Corp (NASDAQ:WTFC) to post sales of $299.62 million for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Wintrust Financial’s earnings, with estimates ranging from $296.80 million to $304.00 million. Wintrust Financial posted sales of $261.35 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.6%. The firm is expected to announce its next quarterly earnings report on Tuesday, April 17th.
On average, analysts expect that Wintrust Financial will report full year sales of $299.62 million for the current year, with estimates ranging from $1.24 billion to $1.28 billion. For the next financial year, analysts anticipate that the company will report sales of $1.37 billion per share, with estimates ranging from $1.34 billion to $1.38 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Wintrust Financial.
Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $1.17 EPS for the quarter, beating the consensus estimate of $1.13 by $0.04. The business had revenue of $300.14 million during the quarter, compared to analysts’ expectations of $299.47 million. Wintrust Financial had a return on equity of 9.49% and a net margin of 20.35%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned $0.94 EPS.
Shares of Wintrust Financial (WTFC) opened at $82.72 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $4,630.00, a P/E ratio of 18.80, a PEG ratio of 1.09 and a beta of 0.85. Wintrust Financial has a 1-year low of $64.14 and a 1-year high of $89.34.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Thursday, February 8th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 7th. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.14. This represents a $0.76 annualized dividend and a yield of 0.92%. Wintrust Financial’s payout ratio is currently 12.73%.
In related news, CFO David L. Stoehr sold 5,268 shares of Wintrust Financial stock in a transaction on Monday, January 29th. The stock was sold at an average price of $87.59, for a total transaction of $461,424.12. Following the completion of the transaction, the chief financial officer now directly owns 11,347 shares of the company’s stock, valued at $993,883.73. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP David A. Dykstra sold 11,235 shares of Wintrust Financial stock in a transaction on Monday, January 29th. The stock was sold at an average price of $87.56, for a total value of $983,736.60. Following the transaction, the executive vice president now directly owns 39,365 shares of the company’s stock, valued at $3,446,799.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,676 shares of company stock valued at $2,687,566. 1.97% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC increased its position in Wintrust Financial by 11.5% during the second quarter. HighTower Advisors LLC now owns 6,421 shares of the bank’s stock worth $492,000 after buying an additional 660 shares in the last quarter. Sit Investment Associates Inc. increased its position in Wintrust Financial by 5.5% during the third quarter. Sit Investment Associates Inc. now owns 12,765 shares of the bank’s stock worth $1,000,000 after buying an additional 665 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in Wintrust Financial by 18.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 4,377 shares of the bank’s stock worth $361,000 after buying an additional 669 shares in the last quarter. Aperio Group LLC increased its position in Wintrust Financial by 8.0% during the fourth quarter. Aperio Group LLC now owns 10,383 shares of the bank’s stock worth $855,000 after buying an additional 770 shares in the last quarter. Finally, Cortina Asset Management LLC increased its position in Wintrust Financial by 0.9% during the third quarter. Cortina Asset Management LLC now owns 98,998 shares of the bank’s stock worth $7,753,000 after buying an additional 869 shares in the last quarter. 90.79% of the stock is owned by institutional investors.
Wintrust Financial Company Profile
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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