Wintrust Financial Co. (NASDAQ:WTFC) Expected to Post FY2022 Earnings of $5.80 Per Share

Wintrust Financial Co. (NASDAQ:WTFC) – DA Davidson upped their FY2022 earnings estimates for Wintrust Financial in a research report issued to clients and investors on Wednesday, January 12th. DA Davidson analyst R. Gunther now expects that the bank will post earnings of $5.80 per share for the year, up from their prior estimate of $5.70.

WTFC has been the topic of a number of other reports. Raymond James raised their price target on shares of Wintrust Financial from $108.00 to $112.00 and gave the company a “strong-buy” rating in a report on Monday, November 29th. Janney Montgomery Scott cut shares of Wintrust Financial from a “buy” rating to a “neutral” rating in a report on Thursday, October 21st. Zacks Investment Research upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a report on Saturday, January 8th. Truist lifted their target price on shares of Wintrust Financial from $88.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, October 21st. Finally, Royal Bank of Canada lifted their target price on shares of Wintrust Financial from $92.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, October 21st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Wintrust Financial currently has a consensus rating of “Buy” and a consensus price target of $94.30.

NASDAQ:WTFC opened at $102.78 on Thursday. Wintrust Financial has a fifty-two week low of $60.07 and a fifty-two week high of $102.84. The stock has a market capitalization of $5.86 billion, a P/E ratio of 13.45, a P/E/G ratio of 0.99 and a beta of 1.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 1.00. The company’s 50-day simple moving average is $92.44 and its 200-day simple moving average is $82.74.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, October 18th. The bank reported $1.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.25. Wintrust Financial had a net margin of 25.11% and a return on equity of 12.12%. The company had revenue of $423.97 million for the quarter, compared to analysts’ expectations of $408.34 million. During the same period in the prior year, the business earned $1.67 EPS.

Several large investors have recently bought and sold shares of WTFC. Whittier Trust Co. of Nevada Inc. purchased a new stake in Wintrust Financial in the 3rd quarter worth $54,000. Whittier Trust Co. increased its holdings in Wintrust Financial by 1,539.0% in the 3rd quarter. Whittier Trust Co. now owns 672 shares of the bank’s stock worth $54,000 after acquiring an additional 631 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in Wintrust Financial in the 2nd quarter worth $70,000. Rockefeller Capital Management L.P. increased its holdings in Wintrust Financial by 516.5% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,270 shares of the bank’s stock worth $96,000 after acquiring an additional 1,064 shares in the last quarter. Finally, Telemus Capital LLC purchased a new stake in Wintrust Financial in the 3rd quarter worth $201,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

In other news, Vice Chairman Richard B. Murphy sold 2,174 shares of Wintrust Financial stock in a transaction that occurred on Monday, October 25th. The shares were sold at an average price of $92.08, for a total transaction of $200,181.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alex E. Washington III bought 4,500 shares of the business’s stock in a transaction dated Wednesday, December 8th. The shares were purchased at an average cost of $89.61 per share, with a total value of $403,245.00. The disclosure for this purchase can be found here. 1.58% of the stock is owned by insiders.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 26th. Shareholders of record on Thursday, November 11th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Tuesday, November 9th. Wintrust Financial’s dividend payout ratio is presently 16.23%.

Wintrust Financial Company Profile

Wintrust Financial Corp. is a bank holding company, which engages in the provision of banking and financial services. It operates through the following segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment provides community-oriented, personal and commercial banking services to customers located in its market area.

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Earnings History and Estimates for Wintrust Financial (NASDAQ:WTFC)

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