$442.68 Million in Sales Expected for Wintrust Financial Co. (NASDAQ:WTFC) This Quarter

Wall Street analysts expect Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) to report $442.68 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Wintrust Financial’s earnings. The highest sales estimate is $450.20 million and the lowest is $432.00 million. Wintrust Financial reported sales of $408.96 million in the same quarter last year, which suggests a positive year over year growth rate of 8.2%. The firm is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Wintrust Financial will report full-year sales of $1.85 billion for the current fiscal year, with estimates ranging from $1.81 billion to $1.88 billion. For the next financial year, analysts anticipate that the business will report sales of $2.03 billion, with estimates ranging from $2.00 billion to $2.06 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Wintrust Financial.

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, beating analysts’ consensus estimates of $1.54 by $0.53. Wintrust Financial had a return on equity of 10.95% and a net margin of 23.67%. The firm had revenue of $462.08 million for the quarter, compared to analyst estimates of $427.66 million. During the same period last year, the firm posted $2.54 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis.

WTFC has been the subject of several recent research reports. Piper Sandler boosted their price objective on Wintrust Financial from $120.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, April 21st. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “strong-buy” rating and set a $107.00 price objective on the stock in a research report on Tuesday, April 26th. StockNews.com initiated coverage on Wintrust Financial in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Raymond James increased their price objective on Wintrust Financial from $124.00 to $130.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 21st. Finally, Royal Bank of Canada increased their price objective on Wintrust Financial from $110.00 to $122.00 in a report on Friday, January 21st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $114.25.

Wintrust Financial stock opened at $84.75 on Tuesday. Wintrust Financial has a one year low of $65.66 and a one year high of $105.56. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.97 and a quick ratio of 0.95. The stock’s 50 day moving average is $91.69 and its 200 day moving average is $93.71. The firm has a market cap of $4.85 billion, a P/E ratio of 11.90, a P/E/G ratio of 0.66 and a beta of 1.29.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 26th. Stockholders of record on Thursday, May 12th will be given a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, May 11th. This represents a $1.36 annualized dividend and a dividend yield of 1.60%. Wintrust Financial’s payout ratio is 19.10%.

In related news, Director H Patrick Hackett, Jr. acquired 5,000 shares of Wintrust Financial stock in a transaction on Tuesday, April 26th. The shares were bought at an average cost of $91.23 per share, with a total value of $456,150.00. Following the completion of the purchase, the director now directly owns 40,037 shares of the company’s stock, valued at approximately $3,652,575.51. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.41% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. lifted its holdings in Wintrust Financial by 5.3% during the third quarter. Advisor Group Holdings Inc. now owns 2,812 shares of the bank’s stock worth $226,000 after buying an additional 142 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of Wintrust Financial by 0.3% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 49,699 shares of the bank’s stock valued at $3,994,000 after buying an additional 170 shares during the last quarter. Signaturefd LLC boosted its position in Wintrust Financial by 9.6% in the 4th quarter. Signaturefd LLC now owns 2,014 shares of the bank’s stock worth $183,000 after purchasing an additional 176 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Wintrust Financial by 31.8% in the 1st quarter. Quadrant Capital Group LLC now owns 730 shares of the bank’s stock worth $68,000 after purchasing an additional 176 shares in the last quarter. Finally, Whittier Trust Co. boosted its position in Wintrust Financial by 6.7% in the 1st quarter. Whittier Trust Co. now owns 3,050 shares of the bank’s stock worth $284,000 after purchasing an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 89.71% 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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