Wintrust Financial (NASDAQ:WTFC) Posts Earnings Results, Beats Estimates By $0.11 EPS

Wintrust Financial (NASDAQ:WTFC) posted its quarterly earnings results on Tuesday. The bank reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.11, Zacks reports. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. During the same period in the prior year, the company posted $1.87 EPS.

Wintrust Financial Price Performance

WTFC stock opened at $136.92 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The company’s fifty day simple moving average is $131.04 and its 200 day simple moving average is $116.20. Wintrust Financial has a 12-month low of $89.68 and a 12-month high of $142.04. The firm has a market cap of $9.10 billion, a price-to-earnings ratio of 14.34 and a beta of 1.20.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial’s dividend payout ratio is presently 18.85%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. UBS Group assumed coverage on shares of Wintrust Financial in a research report on Tuesday, December 17th. They issued a “buy” rating and a $157.00 target price on the stock. StockNews.com lowered Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Wednesday. Wedbush reiterated an “outperform” rating and issued a $130.00 target price on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Piper Sandler boosted their price target on Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Truist Financial upgraded shares of Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $128.00.

Insider Transactions at Wintrust Financial

In related news, insider Richard B. Murphy sold 4,099 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total transaction of $473,967.37. Following the completion of the sale, the insider now owns 42,311 shares of the company’s stock, valued at $4,892,420.93. This trade represents a 8.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David L. Stoehr sold 1,607 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the completion of the transaction, the chief financial officer now directly owns 14,874 shares in the company, valued at approximately $1,687,604.04. This trade represents a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,198 shares of company stock valued at $2,445,314. Corporate insiders own 1.47% of the company’s stock.

Wintrust Financial Company Profile

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.