Wintrust Financial Co. (NASDAQ:WTFC) to Post Q2 2022 Earnings of $1.70 Per Share, Jefferies Financial Group Forecasts

Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) – Jefferies Financial Group boosted their Q2 2022 earnings per share (EPS) estimates for Wintrust Financial in a report issued on Monday, April 11th. Jefferies Financial Group analyst C. Haire now forecasts that the bank will post earnings of $1.70 per share for the quarter, up from their prior estimate of $1.69. Jefferies Financial Group also issued estimates for Wintrust Financial’s Q3 2022 earnings at $1.96 EPS, Q4 2022 earnings at $2.15 EPS, FY2022 earnings at $7.35 EPS and Q4 2023 earnings at $2.10 EPS.

A number of other research analysts have also recently issued reports on WTFC. Wedbush lifted their price target on shares of Wintrust Financial from $110.00 to $115.00 in a research report on Thursday, January 20th. Raymond James reduced their price target on shares of Wintrust Financial from $127.00 to $124.00 and set a “strong-buy” rating for the company in a research note on Tuesday, March 15th. StockNews.com began coverage on shares of Wintrust Financial in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Truist Financial raised their price objective on shares of Wintrust Financial from $105.00 to $125.00 in a report on Monday, January 24th. Finally, Zacks Investment Research downgraded shares of Wintrust Financial from a “buy” rating to a “hold” rating in a report on Friday, April 1st. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $109.57.

NASDAQ:WTFC opened at $89.49 on Tuesday. The company has a 50-day moving average price of $95.83 and a 200-day moving average price of $92.86. Wintrust Financial has a 12 month low of $65.66 and a 12 month high of $105.56. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.59. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 0.76 and a beta of 1.34.

Wintrust Financial (NASDAQ:WTFC – Get Rating) last released its earnings results on Wednesday, January 19th. The bank reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.03. The company had revenue of $429.74 million for the quarter, compared to analyst estimates of $417.42 million. Wintrust Financial had a net margin of 25.04% and a return on equity of 11.76%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.63 EPS.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 24th. Stockholders of record on Thursday, February 10th were paid a dividend of $0.34 per share. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, February 9th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.52%. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.92%.

A number of hedge funds have recently made changes to their positions in the business. Ziegler Capital Management LLC raised its holdings in shares of Wintrust Financial by 180.6% during the 3rd quarter. Ziegler Capital Management LLC now owns 177,737 shares of the bank’s stock worth $14,285,000 after acquiring an additional 114,393 shares during the period. Yorktown Management & Research Co Inc lifted its stake in Wintrust Financial by 5.0% during the third quarter. Yorktown Management & Research Co Inc now owns 10,500 shares of the bank’s stock worth $844,000 after purchasing an additional 500 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Wintrust Financial by 2.7% during the third quarter. Dimensional Fund Advisors LP now owns 2,649,342 shares of the bank’s stock worth $212,928,000 after purchasing an additional 69,751 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Wintrust Financial by 1.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the bank’s stock valued at $1,335,000 after buying an additional 200 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Wintrust Financial by 20.7% in the third quarter. Teacher Retirement System of Texas now owns 9,152 shares of the bank’s stock valued at $736,000 after buying an additional 1,567 shares during the last quarter. Institutional investors own 91.36% of the company’s stock.

Wintrust Financial Company Profile (Get Rating)

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.

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