Wintrust Financial Corp (WTFC) Expected to Announce Earnings of $1.66 Per Share

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Wall Street analysts forecast that Wintrust Financial Corp (NASDAQ:WTFC) will announce $1.66 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Wintrust Financial’s earnings, with estimates ranging from $1.61 to $1.69. Wintrust Financial reported earnings per share of $1.53 during the same quarter last year, which indicates a positive year-over-year growth rate of 8.5%. The business is scheduled to issue its next earnings report on Tuesday, July 16th.

According to Zacks, analysts expect that Wintrust Financial will report full year earnings of $6.60 per share for the current financial year, with EPS estimates ranging from $6.44 to $6.73. For the next fiscal year, analysts anticipate that the business will post earnings of $7.03 per share, with EPS estimates ranging from $6.88 to $7.29. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Wintrust Financial.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, April 15th. The bank reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). The firm had revenue of $343.64 million during the quarter, compared to analysts’ expectations of $345.03 million. Wintrust Financial had a return on equity of 11.28% and a net margin of 21.95%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business posted $1.40 earnings per share.

Several research analysts recently weighed in on WTFC shares. Jefferies Financial Group raised Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. Piper Jaffray Companies raised Wintrust Financial from a “neutral” rating to an “overweight” rating in a research report on Monday, January 7th. BidaskClub raised Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. Wedbush raised their price objective on Wintrust Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Finally, Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $90.88.

Shares of WTFC traded up $0.93 during trading hours on Friday, hitting $77.13. The stock had a trading volume of 8,720 shares, compared to its average volume of 449,495. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $4.32 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. Wintrust Financial has a 12-month low of $61.53 and a 12-month high of $99.96.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.30%. Wintrust Financial’s dividend payout ratio is presently 17.06%.

Several institutional investors have recently made changes to their positions in WTFC. Bank of New York Mellon Corp grew its stake in shares of Wintrust Financial by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 810,296 shares of the bank’s stock valued at $68,826,000 after acquiring an additional 2,043 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Wintrust Financial by 4.4% during the third quarter. The Manufacturers Life Insurance Company now owns 93,482 shares of the bank’s stock valued at $7,941,000 after acquiring an additional 3,916 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Wintrust Financial by 8.3% during the third quarter. Advisors Asset Management Inc. now owns 18,771 shares of the bank’s stock valued at $1,594,000 after acquiring an additional 1,431 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of Wintrust Financial by 13.2% during the third quarter. Macquarie Group Ltd. now owns 101,995 shares of the bank’s stock valued at $8,663,000 after acquiring an additional 11,921 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in Wintrust Financial by 24.3% in the third quarter. TIAA CREF Investment Management LLC now owns 210,780 shares of the bank’s stock worth $17,904,000 after purchasing an additional 41,181 shares in the last quarter. Institutional investors own 90.10% of the company’s stock.

Wintrust Financial Company Profile

Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.

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Earnings History and Estimates for Wintrust Financial (NASDAQ:WTFC)

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