Wintrust Financial (NASDAQ:WTFC) Issues Earnings Results

Wintrust Financial (NASDAQ:WTFC) announced its quarterly earnings results on Monday. The bank reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.06, FiscalAI reports. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.

Wintrust Financial Stock Down 1.1%

Wintrust Financial stock traded down $1.64 during midday trading on Monday, reaching $142.44. The stock had a trading volume of 701,355 shares, compared to its average volume of 513,195. The stock has a market capitalization of $9.61 billion, a P/E ratio of 11.44 and a beta of 0.89. The firm’s fifty day simple moving average is $149.90 and its 200-day simple moving average is $152.23. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. Wintrust Financial has a 1-year low of $122.00 and a 1-year high of $167.21.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 6th. Wintrust Financial’s dividend payout ratio (DPR) is currently 17.67%.

Analysts Set New Price Targets

Several brokerages recently issued reports on WTFC. TD Cowen decreased their price objective on Wintrust Financial from $183.00 to $173.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Raymond James Financial initiated coverage on shares of Wintrust Financial in a report on Tuesday, July 7th. They set an “outperform” rating and a $180.00 target price on the stock. Capital One Financial set a $170.00 target price on shares of Wintrust Financial in a report on Tuesday, July 21st. Citigroup lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company began coverage on shares of Wintrust Financial in a report on Thursday, September 24th. They issued an “equal weight” rating and a $160.00 price target for the company. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Wintrust Financial currently has an average rating of “Moderate Buy” and a consensus target price of $176.20.

Insiders Place Their Bets

In other Wintrust Financial news, COO David Dykstra sold 13,515 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the completion of the transaction, the chief operating officer owned 166,449 shares of the company’s stock, valued at $27,092,903.73. This represents a 7.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.24% of the stock is currently owned by company insiders.

About Wintrust Financial

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Through its network of community banking subsidiaries, the company provides banking and financial services to individuals, families, businesses and institutions.

Its offerings include checking and savings accounts, commercial and consumer lending, residential mortgages, treasury management, cash management and other deposit services. Wintrust also provides wealth management, investment services, insurance-related products and specialized finance solutions, including equipment finance and premium finance.

Founded in 1991, Wintrust has built its business through a community banking model that combines local decision-making and relationship-based service with the resources of a larger financial organization.