Wintrust Financial (WTFC) to Release Earnings on Monday

Wintrust Financial (NASDAQ:WTFC - Get Free Report) is projected to announce its earnings results after the market closes on Monday, April 21st. Analysts expect the company to announce earnings of $2.52 per share and revenue of $643.11 million for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, topping the consensus estimate of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter in the prior year, the firm posted $1.87 EPS. On average, analysts expect Wintrust Financial to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Wintrust Financial Trading Up 0.9 %

NASDAQ:WTFC traded up $0.90 on Friday, reaching $102.51. The company's stock had a trading volume of 653,968 shares, compared to its average volume of 412,915. The firm has a market cap of $6.86 billion, a PE ratio of 9.94 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The business's 50-day moving average price is $113.02 and its two-hundred day moving average price is $121.53. Wintrust Financial has a 1-year low of $89.10 and a 1-year high of $142.04.

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.00 annualized dividend and a dividend yield of 1.95%. Wintrust Financial's dividend payout ratio is presently 19.40%.

Insider Activity at Wintrust Financial

In other news, EVP Jeffrey D. Hahnfeld sold 416 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $130.95, for a total value of $54,475.20. Following the sale, the executive vice president now directly owns 2,276 shares of the company's stock, valued at approximately $298,042.20. This represents a 15.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David L. Stoehr sold 2,363 shares of the firm's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total transaction of $310,309.16. Following the completion of the sale, the chief financial officer now owns 19,858 shares of the company's stock, valued at $2,607,752.56. This trade represents a 10.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,178 shares of company stock valued at $1,336,315. 1.47% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on WTFC. Raymond James reaffirmed a "strong-buy" rating and issued a $150.00 price target (up previously from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. Barclays cut their price objective on shares of Wintrust Financial from $155.00 to $138.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. StockNews.com lowered shares of Wintrust Financial from a "hold" rating to a "sell" rating in a research note on Saturday, February 15th. Piper Sandler lifted their price target on Wintrust Financial from $151.00 to $156.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, Truist Financial raised Wintrust Financial to a "strong-buy" rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Wintrust Financial currently has an average rating of "Moderate Buy" and a consensus price target of $132.38.

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.