Equities analysts expect that Wintrust Financial Corp (NASDAQ:WTFC) will report earnings of $1.56 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Wintrust Financial’s earnings, with estimates ranging from $1.44 to $1.64. Wintrust Financial reported earnings per share of $1.17 during the same quarter last year, which indicates a positive year-over-year growth rate of 33.3%. The business is scheduled to announce its next earnings results on Monday, January 28th.
According to Zacks, analysts expect that Wintrust Financial will report full year earnings of $6.06 per share for the current year, with EPS estimates ranging from $5.94 to $6.14. For the next fiscal year, analysts forecast that the company will report earnings of $6.57 per share, with EPS estimates ranging from $6.33 to $6.81. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Wintrust Financial.
Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Wednesday, October 17th. The bank reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.03. Wintrust Financial had a net margin of 22.70% and a return on equity of 11.27%. The firm had revenue of $347.49 million during the quarter, compared to analysts’ expectations of $342.18 million. During the same period last year, the business earned $1.12 earnings per share. Wintrust Financial’s revenue was up 17.5% compared to the same quarter last year.
Wintrust Financial stock traded down $0.06 during midday trading on Friday, hitting $78.08. 50,866 shares of the stock were exchanged, compared to its average volume of 512,395. Wintrust Financial has a fifty-two week low of $72.17 and a fifty-two week high of $99.96. The stock has a market cap of $4.42 billion, a P/E ratio of 17.75, a PEG ratio of 0.96 and a beta of 0.87. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.45.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Thursday, November 8th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.27%.
A number of hedge funds have recently made changes to their positions in WTFC. Millennium Management LLC boosted its stake in Wintrust Financial by 741.4% during the second quarter. Millennium Management LLC now owns 1,523,131 shares of the bank’s stock worth $132,589,000 after buying an additional 1,342,106 shares during the period. Citadel Advisors LLC boosted its stake in Wintrust Financial by 280.1% during the third quarter. Citadel Advisors LLC now owns 1,143,203 shares of the bank’s stock worth $97,104,000 after buying an additional 842,454 shares during the period. Segall Bryant & Hamill LLC boosted its stake in Wintrust Financial by 2,766.3% during the second quarter. Segall Bryant & Hamill LLC now owns 186,453 shares of the bank’s stock worth $16,231,000 after buying an additional 179,948 shares during the period. Advisors Asset Management Inc. boosted its stake in Wintrust Financial by 1,386.6% during the second quarter. Advisors Asset Management Inc. now owns 192,609 shares of the bank’s stock worth $1,509,000 after buying an additional 179,653 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Wintrust Financial by 19.7% during the third quarter. Alliancebernstein L.P. now owns 1,073,793 shares of the bank’s stock worth $91,208,000 after buying an additional 176,392 shares during the period. 87.42% of the stock is owned by institutional investors.
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.
Recommended Story: Compound Interest and Why It Matters When Investing
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.com's FREE daily email newsletter.