Wall Street brokerages predict that Wintrust Financial Corp (NASDAQ:WTFC) will announce earnings of $1.64 per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Wintrust Financial’s earnings, with estimates ranging from $1.59 to $1.67. Wintrust Financial reported earnings per share of $1.57 during the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The company is expected to announce its next earnings report on Wednesday, October 16th.
On average, analysts expect that Wintrust Financial will report full year earnings of $6.14 per share for the current fiscal year, with EPS estimates ranging from $6.05 to $6.22. For the next financial year, analysts forecast that the firm will post earnings of $6.64 per share, with EPS estimates ranging from $6.37 to $7.00. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Wintrust Financial.
Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, July 15th. The bank reported $1.38 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.27). Wintrust Financial had a net margin of 20.60% and a return on equity of 10.72%. The business had revenue of $364.36 million for the quarter, compared to analysts’ expectations of $365.40 million. During the same quarter in the prior year, the business posted $1.53 earnings per share.
WTFC traded up $1.43 during trading on Friday, hitting $61.70. 519,100 shares of the company’s stock traded hands, compared to its average volume of 551,716. The company’s 50 day simple moving average is $69.09 and its two-hundred day simple moving average is $71.58. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51. Wintrust Financial has a 12-month low of $60.20 and a 12-month high of $92.56. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 0.73 and a beta of 1.04.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, August 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.62%. Wintrust Financial’s dividend payout ratio (DPR) is currently 17.06%.
In other news, Director Gary D. Sweeney purchased 747 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were purchased at an average cost of $66.92 per share, for a total transaction of $49,989.24. Following the purchase, the director now directly owns 4,392 shares in the company, valued at approximately $293,912.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.58% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WTFC. Advisory Services Network LLC lifted its position in Wintrust Financial by 345.2% during the second quarter. Advisory Services Network LLC now owns 374 shares of the bank’s stock valued at $27,000 after purchasing an additional 290 shares in the last quarter. Smith Asset Management Group LP purchased a new position in Wintrust Financial during the second quarter valued at $29,000. AllSquare Wealth Management LLC purchased a new position in Wintrust Financial during the second quarter valued at $46,000. NumerixS Investment Technologies Inc purchased a new position in Wintrust Financial during the first quarter valued at $88,000. Finally, Quantamental Technologies LLC lifted its position in Wintrust Financial by 196.8% during the first quarter. Quantamental Technologies LLC now owns 1,466 shares of the bank’s stock valued at $99,000 after purchasing an additional 972 shares in the last quarter. Institutional investors own 88.55% 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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