Analysts Offer Predictions for Wintrust Financial Co.’s Q2 2022 Earnings (NASDAQ:WTFC)

Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) – Research analysts at DA Davidson issued their Q2 2022 earnings estimates for Wintrust Financial in a research report issued to clients and investors on Friday, April 22nd. DA Davidson analyst R. Gunther anticipates that the bank will post earnings of $1.88 per share for the quarter. DA Davidson also issued estimates for Wintrust Financial’s FY2022 earnings at $7.75 EPS and FY2023 earnings at $9.10 EPS.

Wintrust Financial (NASDAQ:WTFC – Get Rating) last posted its quarterly earnings data on Tuesday, April 19th. The bank reported $2.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.52. The business had revenue of $462.08 million during the quarter, compared to the consensus estimate of $427.66 million. Wintrust Financial had a return on equity of 10.95% and a net margin of 23.67%. Wintrust Financial’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $2.54 earnings per share.

A number of other research analysts also recently issued reports on the company. Janney Montgomery Scott upgraded Wintrust Financial from a “neutral” rating to a “buy” rating in a report on Tuesday, March 8th. UBS Group raised their price target on Wintrust Financial from $95.00 to $104.00 in a research note on Thursday. Truist Financial raised their price target on Wintrust Financial from $105.00 to $125.00 in a research note on Monday, January 24th. Raymond James raised their price objective on Wintrust Financial from $124.00 to $130.00 and gave the company a “strong-buy” rating in a research report on Thursday. Finally, Zacks Investment Research cut 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 given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $113.88.

NASDAQ:WTFC opened at $92.78 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $5.31 billion, a PE ratio of 13.03, a PEG ratio of 0.82 and a beta of 1.34. Wintrust Financial has a 52-week low of $65.66 and a 52-week high of $105.56. The stock has a 50-day simple moving average of $93.94 and a 200 day simple moving average of $93.41.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 24th. Shareholders of record on Thursday, February 10th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend 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 yield of 1.47%. Wintrust Financial’s payout ratio is presently 19.10%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Wintrust Financial by 23.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,070 shares of the bank’s stock worth $642,000 after buying an additional 1,324 shares during the period. Yorktown Management & Research Co Inc raised its stake in Wintrust Financial by 5.0% during the 3rd quarter. Yorktown Management & Research Co Inc now owns 10,500 shares of the bank’s stock worth $844,000 after buying an additional 500 shares during the period. Dimensional Fund Advisors LP raised its stake in Wintrust Financial by 2.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,649,342 shares of the bank’s stock worth $212,928,000 after buying an additional 69,751 shares during the period. Louisiana State Employees Retirement System increased its holdings in Wintrust Financial by 1.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the bank’s stock worth $1,335,000 after purchasing an additional 200 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Wintrust Financial by 20.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 9,152 shares of the bank’s stock worth $736,000 after purchasing an additional 1,567 shares in the last quarter. 91.36% of the stock is currently owned by hedge funds and other 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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