Equities Analysts Offer Predictions for Wintrust Financial Co.’s Q2 2024 Earnings (NASDAQ:WTFC)

Wintrust Financial Co. (NASDAQ:WTFC) – Investment analysts at DA Davidson issued their Q2 2024 EPS estimates for Wintrust Financial in a research report issued to clients and investors on Friday, April 19th. DA Davidson analyst J. Rulis anticipates that the bank will earn $2.46 per share for the quarter. The consensus estimate for Wintrust Financial’s current full-year earnings is $10.02 per share. DA Davidson also issued estimates for Wintrust Financial’s FY2024 earnings at $10.15 EPS.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.47. The company had revenue of $604.77 million during the quarter, compared to analysts’ expectations of $577.80 million. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $2.80 earnings per share.

WTFC has been the subject of a number of other research reports. Royal Bank of Canada boosted their price objective on Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Citigroup decreased their price objective on Wintrust Financial from $115.00 to $113.00 and set a “buy” rating on the stock in a report on Monday. Raymond James lifted their target price on Wintrust Financial from $95.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Friday, January 19th. UBS Group boosted their target price on shares of Wintrust Financial from $105.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Finally, StockNews.com raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $112.33.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $99.30 on Monday. Wintrust Financial has a 52 week low of $58.12 and a 52 week high of $105.29. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 10.27 and a beta of 1.21. The company has a 50-day simple moving average of $98.25 and a 200 day simple moving average of $91.16. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.97 and a current ratio of 0.98.

Wintrust Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Wednesday, February 7th. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.40. Wintrust Financial’s dividend payout ratio is 18.61%.

Insider Buying and Selling

In other Wintrust Financial news, EVP Jeffrey D. Hahnfeld sold 588 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total value of $57,553.44. Following the sale, the executive vice president now owns 3,410 shares of the company’s stock, valued at approximately $333,770.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Jeffrey D. Hahnfeld sold 588 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total value of $57,553.44. Following the completion of the transaction, the executive vice president now owns 3,410 shares of the company’s stock, valued at $333,770.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward J. Wehmer sold 9,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the sale, the insider now owns 177,124 shares in the company, valued at $17,599,040.64. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Wintrust Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Wintrust Financial by 11.5% during the third quarter. FMR LLC now owns 4,651,381 shares of the bank’s stock worth $351,179,000 after purchasing an additional 480,942 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Wintrust Financial by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,866,032 shares of the bank’s stock worth $265,829,000 after buying an additional 80,526 shares during the period. Victory Capital Management Inc. grew its position in shares of Wintrust Financial by 4.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,843,679 shares of the bank’s stock valued at $171,001,000 after buying an additional 79,672 shares during the last quarter. Capital International Investors grew its position in shares of Wintrust Financial by 79.5% in the 4th quarter. Capital International Investors now owns 1,566,003 shares of the bank’s stock valued at $145,247,000 after buying an additional 693,452 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of Wintrust Financial by 21.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,172,242 shares of the bank’s stock valued at $88,504,000 after buying an additional 207,606 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

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.