Wintrust Financial (NASDAQ:WTFC) Announces Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Wintrust Financial (NASDAQ:WTFC - Get Free Report) issued its quarterly earnings data on Monday. The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.03), Briefing.com reports. The company had revenue of $615.73 million during the quarter, compared to analysts' expectations of $623.45 million. Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $2.53 earnings per share.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC traded up $2.47 during trading on Tuesday, reaching $114.76. The company had a trading volume of 704,185 shares, compared to its average volume of 383,802. The company has a fifty day moving average of $106.49 and a two-hundred day moving average of $101.97. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $7.09 billion, a P/E ratio of 11.87 and a beta of 1.16. Wintrust Financial has a 12 month low of $71.86 and a 12 month high of $117.77.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Thursday, August 8th. Wintrust Financial's dividend payout ratio (DPR) is 18.61%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on WTFC shares. Stephens restated an "overweight" rating and set a $115.00 price objective on shares of Wintrust Financial in a research note on Thursday, July 18th. DA Davidson boosted their price target on shares of Wintrust Financial from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, July 19th. Keefe, Bruyette & Woods lowered shares of Wintrust Financial from an "outperform" rating to a "market perform" rating and increased their price objective for the company from $110.00 to $115.00 in a research note on Friday, July 19th. Royal Bank of Canada lifted their target price on shares of Wintrust Financial from $116.00 to $117.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 9th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $130.00 target price on shares of Wintrust Financial in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $118.23.

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.