Wintrust Financial (NASDAQ:WTFC) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Wintrust Financial (NASDAQ:WTFC) released its earnings results on Monday. The bank reported $2.47 earnings per share for the quarter, missing the consensus estimate of $2.49 by ($0.02), Briefing.com reports. The company had revenue of $615.73 million for the quarter, compared to analysts’ expectations of $623.45 million. Wintrust Financial had a net margin of 17.02% and a return on equity of 12.71%. Wintrust Financial’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.53 earnings per share.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $112.29 on Tuesday. The firm has a market capitalization of $6.93 billion, a PE ratio of 11.61 and a beta of 1.16. The stock’s fifty day moving average is $106.20 and its 200 day moving average is $101.88. Wintrust Financial has a fifty-two week low of $71.86 and a fifty-two week high of $117.77. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.99.

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Thursday, August 8th. Wintrust Financial’s dividend payout ratio (DPR) is 18.61%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WTFC. DA Davidson lifted their price objective on Wintrust Financial from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Truist Financial lifted their price target on shares of Wintrust Financial from $118.00 to $123.00 and gave the company a “buy” rating in a report on Friday, September 20th. Wedbush upped their target price on shares of Wintrust Financial from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Jefferies Financial Group decreased their price target on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods lowered Wintrust Financial from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $110.00 to $115.00 in a research note on Friday, July 19th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $118.23.

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.