FY2024 EPS Estimates for Wintrust Financial Co. Cut by Wedbush (NASDAQ:WTFC)

Wintrust Financial Co. (NASDAQ:WTFC - Free Report) - Equities research analysts at Wedbush decreased their FY2024 EPS estimates for shares of Wintrust Financial in a research note issued on Tuesday, September 24th. Wedbush analyst D. Chiaverini now expects that the bank will earn $10.14 per share for the year, down from their previous estimate of $10.27. Wedbush currently has a "Outperform" rating and a $130.00 target price 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 Q1 2025 earnings at $2.47 EPS, Q2 2025 earnings at $2.51 EPS, Q3 2025 earnings at $2.56 EPS, Q4 2025 earnings at $2.45 EPS and FY2025 earnings at $10.00 EPS.

WTFC has been the subject of a number of other research reports. Truist Financial boosted their price objective on Wintrust Financial from $118.00 to $123.00 and gave the stock a "buy" rating in a report on Friday, September 20th. Stephens restated an "overweight" rating and issued a $115.00 price objective on shares of Wintrust Financial in a research report on Thursday, July 18th. Hovde Group reissued a "market perform" rating and issued a $100.00 target price on shares of Wintrust Financial in a research note on Friday, June 21st. Royal Bank of Canada upped their price objective on shares of Wintrust Financial from $116.00 to $117.00 and gave the company an "outperform" rating in a research note on Tuesday, July 9th. Finally, DA Davidson upped their price target on shares of Wintrust Financial from $120.00 to $125.00 and gave the company a "buy" rating in a report on Friday, July 19th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $118.23.

Wintrust Financial Trading Down 0.1 %

Shares of NASDAQ:WTFC traded down $0.08 during midday trading on Friday, hitting $106.98. 136,769 shares of the stock were exchanged, compared to its average volume of 382,744. The stock has a market capitalization of $7.11 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 has a 12 month low of $71.86 and a 12 month high of $113.68. The business's 50-day moving average price is $104.68 and its 200 day moving average price is $100.84.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly 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 business had revenue of $591.76 million for the quarter, compared to analyst estimates of $587.33 million. Wintrust Financial had a net margin of 17.02% and a return on equity of 12.71%. The company's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.38 EPS.

Wintrust Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Thursday, August 8th. Wintrust Financial's dividend payout ratio (DPR) is presently 18.61%.

Hedge Funds Weigh In On Wintrust Financial

Institutional investors have recently added to or reduced their stakes in the business. Capital International Investors grew its position in shares of Wintrust Financial by 79.5% during the fourth quarter. Capital International Investors now owns 1,566,003 shares of the bank's stock worth $145,247,000 after acquiring an additional 693,452 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Wintrust Financial by 54.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,330,263 shares of the bank's stock worth $138,866,000 after purchasing an additional 469,640 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Wintrust Financial by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank's stock valued at $673,603,000 after purchasing an additional 244,168 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Wintrust Financial by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank's stock valued at $297,376,000 after acquiring an additional 146,090 shares during the last quarter. Finally, F M Investments LLC bought a new position in shares of Wintrust Financial in the second quarter valued at approximately $11,850,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

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.