Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) – Research analysts at Jefferies Financial Group upped their Q2 2022 earnings per share (EPS) estimates for shares of Wintrust Financial in a note issued to investors on Wednesday, April 20th. Jefferies Financial Group analyst C. Haire now forecasts that the bank will post earnings per share of $1.89 for the quarter, up from their prior forecast of $1.70. Jefferies Financial Group also issued estimates for Wintrust Financial’s Q3 2022 earnings at $2.04 EPS and Q4 2022 earnings at $2.22 EPS.
A number of other research firms also recently weighed in on WTFC. Piper Sandler upped their price target on Wintrust Financial from $120.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group upped their price target on Wintrust Financial from $95.00 to $104.00 in a research note on Thursday. 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. Truist Financial upped their price target on Wintrust Financial from $105.00 to $125.00 in a research note on Monday, January 24th. Finally, StockNews.com started coverage on Wintrust Financial in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $113.88.
Wintrust Financial (NASDAQ:WTFC – Get Rating) last announced its quarterly earnings data on Tuesday, April 19th. The bank reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.52. Wintrust Financial had a return on equity of 11.76% and a net margin of 25.04%. The company had revenue of $462.08 million for the quarter, compared to the consensus estimate of $427.66 million. During the same period in the previous year, the business earned $2.54 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 24th. Stockholders of record on Thursday, February 10th were paid a $0.34 dividend. The ex-dividend date was Wednesday, February 9th. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a dividend yield of 1.42%. Wintrust Financial’s dividend payout ratio is 17.92%.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Wintrust Financial by 1.4% in the third quarter. BlackRock Inc. now owns 5,615,478 shares of the bank’s stock valued at $451,317,000 after acquiring an additional 75,092 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Wintrust Financial by 2.7% in the third quarter. Dimensional Fund Advisors LP now owns 2,649,342 shares of the bank’s stock valued at $212,928,000 after acquiring an additional 69,751 shares in the last quarter. State Street Corp grew its holdings in shares of Wintrust Financial by 4.6% in the fourth quarter. State Street Corp now owns 2,509,105 shares of the bank’s stock valued at $227,877,000 after acquiring an additional 111,076 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Wintrust Financial by 543.4% in the fourth quarter. Victory Capital Management Inc. now owns 2,016,187 shares of the bank’s stock valued at $183,111,000 after acquiring an additional 1,702,814 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Wintrust Financial by 7.1% during the third quarter. Invesco Ltd. now owns 824,217 shares of the bank’s stock valued at $66,243,000 after purchasing an additional 54,799 shares during the period. 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.
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