Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) – Stock analysts at Wedbush lowered their Q2 2022 earnings per share (EPS) estimates for Wintrust Financial in a research note issued to investors on Wednesday, April 20th. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings per share of $1.55 for the quarter, down from their prior estimate of $1.68. Wedbush also issued estimates for Wintrust Financial’s Q3 2022 earnings at $1.75 EPS and Q4 2022 earnings at $1.83 EPS.
A number of other equities research analysts have also recently commented on WTFC. StockNews.com started coverage on shares of Wintrust Financial in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Friday, April 1st. Raymond James upped their price target on Wintrust Financial from $124.00 to $130.00 and gave the stock a “strong-buy” rating in a research note on Thursday. Royal Bank of Canada boosted their price objective on shares of Wintrust Financial from $110.00 to $122.00 in a research note on Friday, January 21st. Finally, Janney Montgomery Scott raised shares of Wintrust Financial from a “neutral” rating to a “buy” rating in a report on Tuesday, March 8th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $113.88.
Wintrust Financial (NASDAQ:WTFC – Get Rating) last announced its quarterly earnings results on Tuesday, April 19th. The bank reported $2.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.52. The firm had revenue of $462.08 million for the quarter, compared to analyst estimates of $427.66 million. Wintrust Financial had a net margin of 25.04% and a return on equity of 11.76%. Wintrust Financial’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the business earned $2.54 EPS.
The firm 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 represents a $1.36 dividend on an annualized basis and a dividend yield of 1.42%. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, February 9th. Wintrust Financial’s dividend payout ratio (DPR) is 17.92%.
A number of institutional investors have recently added to or reduced their stakes in the business. UMB Bank N A MO purchased a new position in Wintrust Financial in the 4th quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Wintrust Financial during the third quarter valued at approximately $54,000. Whittier Trust Co. boosted its position in Wintrust Financial by 1,539.0% during the third quarter. Whittier Trust Co. now owns 672 shares of the bank’s stock worth $54,000 after acquiring an additional 631 shares during the last quarter. Trust Co. of Vermont purchased a new stake in Wintrust Financial in the 4th quarter worth approximately $91,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Wintrust Financial by 949.5% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,060 shares of the bank’s stock valued at $96,000 after acquiring an additional 959 shares during the last quarter. 91.36% of the stock is owned by institutional investors.
About Wintrust Financial (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.
- Get a free copy of the StockNews.com research report on Wintrust Financial (WTFC)
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