Analysts expect Wintrust Financial Corp (NASDAQ:WTFC) to report $1.28 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Wintrust Financial’s earnings, with estimates ranging from $1.22 to $1.33. Wintrust Financial reported earnings per share of $1.00 during the same quarter last year, which suggests a positive year over year growth rate of 28%. The firm is expected to issue its next quarterly earnings report on Tuesday, April 17th.
According to Zacks, analysts expect that Wintrust Financial will report full-year earnings of $5.52 per share for the current financial year, with EPS estimates ranging from $5.35 to $5.72. For the next fiscal year, analysts expect that the business will report earnings of $6.16 per share, with EPS estimates ranging from $5.90 to $6.42. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Wintrust Financial.
Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.04. The business had revenue of $300.14 million during the quarter, compared to the consensus estimate of $299.47 million. Wintrust Financial had a return on equity of 9.49% and a net margin of 20.35%. Wintrust Financial’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 earnings per share.
In other news, CFO David L. Stoehr sold 5,268 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.59, for a total transaction of $461,424.12. Following the transaction, the chief financial officer now owns 11,347 shares of the company’s stock, valued at approximately $993,883.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward J. Wehmer sold 14,173 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.66, for a total transaction of $1,242,405.18. Following the transaction, the insider now directly owns 134,864 shares in the company, valued at approximately $11,822,178.24. The disclosure for this sale can be found here. In the last three months, insiders have bought 152 shares of company stock worth $10,629 and have sold 30,676 shares worth $2,687,566. 1.97% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its position in shares of Wintrust Financial by 18.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 4,377 shares of the bank’s stock worth $361,000 after purchasing an additional 669 shares in the last quarter. Aperio Group LLC lifted its position in Wintrust Financial by 8.0% in the 4th quarter. Aperio Group LLC now owns 10,383 shares of the bank’s stock valued at $855,000 after acquiring an additional 770 shares in the last quarter. Wayne Hummer Investments L.L.C. lifted its position in Wintrust Financial by 26.9% in the 4th quarter. Wayne Hummer Investments L.L.C. now owns 3,813 shares of the bank’s stock valued at $314,000 after acquiring an additional 808 shares in the last quarter. Cortina Asset Management LLC lifted its position in Wintrust Financial by 0.9% in the 3rd quarter. Cortina Asset Management LLC now owns 98,998 shares of the bank’s stock valued at $7,753,000 after acquiring an additional 869 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in Wintrust Financial by 11.7% in the 3rd quarter. Pacer Advisors Inc. now owns 8,345 shares of the bank’s stock valued at $653,000 after acquiring an additional 875 shares in the last quarter. 90.97% of the stock is currently owned by institutional investors.
Shares of Wintrust Financial (NASDAQ WTFC) traded down $1.29 on Monday, reaching $90.12. 509,793 shares of the company’s stock were exchanged, compared to its average volume of 339,262. 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 $5,020.00, a PE ratio of 21.11, a P/E/G ratio of 1.23 and a beta of 0.84. Wintrust Financial has a twelve month low of $64.14 and a twelve month high of $91.51.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Wednesday, February 7th. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.14. Wintrust Financial’s dividend payout ratio is 17.80%.
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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