Wintrust Financial Co. (NASDAQ:WTFC - Free Report) - Wedbush lifted their Q3 2024 earnings per share estimates for Wintrust Financial in a report released on Tuesday, September 24th. Wedbush analyst D. Chiaverini now expects that the bank will post earnings of $2.59 per share for the quarter, up from their previous estimate of $2.58. Wedbush currently has a "Outperform" rating and a $130.00 price target on the stock. The consensus estimate for Wintrust Financial's current full-year earnings is $10.12 per share. Wedbush also issued estimates for Wintrust Financial's Q4 2024 earnings at $2.52 EPS and FY2026 earnings at $10.30 EPS.
Several other brokerages have also commented on WTFC. Keefe, Bruyette & Woods lowered Wintrust Financial from an "outperform" rating to a "market perform" rating and upped their price target for the company from $110.00 to $115.00 in a research note on Friday, July 19th. Hovde Group reaffirmed a "market perform" rating and issued a $100.00 price target on shares of Wintrust Financial in a research note on Friday, June 21st. Piper Sandler upped their price target on Wintrust Financial from $113.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, July 19th. Stephens reaffirmed an "overweight" rating and issued a $115.00 price target on shares of Wintrust Financial in a research note on Thursday, July 18th. Finally, Truist Financial increased their target price on Wintrust Financial from $118.00 to $123.00 and gave the stock a "buy" rating in a research note on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Wintrust Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $118.23.
View Our Latest Stock Analysis on Wintrust Financial
Wintrust Financial Trading Up 1.0 %
Shares of Wintrust Financial stock traded up $1.03 during trading hours on Thursday, hitting $107.06. The company's stock had a trading volume of 219,317 shares, compared to its average volume of 384,090. Wintrust Financial has a twelve month low of $71.86 and a twelve month high of $113.68. The firm has a fifty day moving average of $104.68 and a 200-day moving average of $100.84. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 11.07 and a beta of 1.16. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.99.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its earnings results on Wednesday, July 17th. The bank reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.10). The company had revenue of $591.76 million during the quarter, compared to analysts' expectations of $587.33 million. Wintrust Financial had a net margin of 17.02% and a return on equity of 12.71%. The firm's quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.38 earnings per share.
Wintrust Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Thursday, August 8th. Wintrust Financial's dividend payout ratio is currently 18.61%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Concord Wealth Partners purchased a new position in shares of Wintrust Financial in the 1st quarter valued at about $26,000. Opal Wealth Advisors LLC purchased a new position in shares of Wintrust Financial in the 1st quarter valued at about $27,000. Johnson Financial Group Inc. purchased a new position in Wintrust Financial during the 4th quarter worth approximately $25,000. Versant Capital Management Inc grew its stake in Wintrust Financial by 825.0% during the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank's stock worth $29,000 after buying an additional 264 shares during the last quarter. Finally, DHJJ Financial Advisors Ltd. grew its stake in Wintrust Financial by 70.0% during the 1st quarter. DHJJ Financial Advisors Ltd. now owns 488 shares of the bank's stock worth $51,000 after buying an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 93.48% of the company's stock.
Wintrust Financial Company Profile
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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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