Equities analysts expect Wintrust Financial Corp (NASDAQ:WTFC) to announce $365.86 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Wintrust Financial’s earnings, with estimates ranging from $359.60 million to $373.00 million. Wintrust Financial posted sales of $333.40 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.7%. The firm is expected to report its next quarterly earnings results on Tuesday, July 16th.
On average, analysts expect that Wintrust Financial will report full year sales of $1.46 billion for the current fiscal year, with estimates ranging from $1.43 billion to $1.48 billion. For the next year, analysts anticipate that the firm will report sales of $1.54 billion, with estimates ranging from $1.52 billion to $1.56 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Wintrust Financial.
Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, April 15th. The bank reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). Wintrust Financial had a return on equity of 11.28% and a net margin of 21.95%. The business had revenue of $343.64 million during the quarter, compared to analyst estimates of $345.03 million. During the same period in the previous year, the company earned $1.40 EPS. Wintrust Financial’s revenue was up 10.6% on a year-over-year basis.
Shares of Wintrust Financial stock traded up $1.08 during trading hours on Tuesday, hitting $71.13. The company’s stock had a trading volume of 345,947 shares, compared to its average volume of 417,847. Wintrust Financial has a 1-year low of $61.53 and a 1-year high of $97.56. The firm has a market capitalization of $4.03 billion, a P/E ratio of 12.14, a PEG ratio of 0.81 and a beta of 0.97. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.41.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.41%. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.06%.
Hedge funds have recently made changes to their positions in the company. Huntington National Bank boosted its stake in shares of Wintrust Financial by 43,700.0% in the fourth quarter. Huntington National Bank now owns 438 shares of the bank’s stock valued at $29,000 after purchasing an additional 437 shares during the period. Quantamental Technologies LLC purchased a new position in shares of Wintrust Financial in the fourth quarter valued at $33,000. Rockefeller Capital Management L.P. purchased a new position in shares of Wintrust Financial in the first quarter valued at $36,000. Private Capital Group LLC boosted its stake in shares of Wintrust Financial by 1,251.0% in the fourth quarter. Private Capital Group LLC now owns 689 shares of the bank’s stock valued at $46,000 after purchasing an additional 638 shares during the period. Finally, Toronto Dominion Bank purchased a new position in shares of Wintrust Financial in the fourth quarter valued at $74,000. Institutional investors and hedge funds own 88.33% of the company’s stock.
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.
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