Q4 2024 Earnings Forecast for Wintrust Financial Co. Issued By Wedbush (NASDAQ:WTFC)

Wintrust Financial Co. (NASDAQ:WTFC) – Wedbush lifted their Q4 2024 earnings estimates for Wintrust Financial in a research report issued to clients and investors on Thursday, August 1st. Wedbush analyst D. Chiaverini now expects that the bank will earn $2.49 per share for the quarter, up from their previous forecast of $2.43. Wedbush has a “Outperform” rating and a $130.00 price target on the stock. The consensus estimate for Wintrust Financial’s current full-year earnings is $10.12 per share. Wedbush also issued estimates for Wintrust Financial’s Q1 2025 earnings at $2.44 EPS, Q3 2025 earnings at $2.50 EPS, Q4 2025 earnings at $2.42 EPS and FY2025 earnings at $9.85 EPS.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Wednesday, July 17th. The bank reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.10). The company had revenue of $591.76 million for the quarter, compared to analyst estimates of $587.33 million. Wintrust Financial had a net margin of 17.02% and a return on equity of 12.71%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.38 EPS.

Several other research analysts have also recently commented on the stock. Truist Financial upped their target price on shares of Wintrust Financial from $107.00 to $118.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. StockNews.com raised Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. Royal Bank of Canada boosted their price target on Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 9th. DA Davidson raised their price target on Wintrust Financial from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Barclays reduced their price objective on shares of Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Wintrust Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.85.

Wintrust Financial Stock Up 0.5 %

Wintrust Financial stock opened at $97.11 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.99. Wintrust Financial has a one year low of $71.86 and a one year high of $113.68. The company has a 50-day simple moving average of $99.85 and a 200-day simple moving average of $98.87. The firm has a market capitalization of $6.00 billion, a P/E ratio of 10.04 and a beta of 1.18.

Institutional Investors Weigh In On Wintrust Financial

Several large investors have recently modified their holdings of WTFC. Vanguard Group Inc. boosted its position in shares of Wintrust Financial by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock valued at $673,603,000 after purchasing an additional 244,168 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Wintrust Financial by 2.9% in the fourth 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. increased its position in shares of Wintrust Financial by 4.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,843,679 shares of the bank’s stock worth $171,001,000 after acquiring an additional 79,672 shares in the last quarter. Capital International Investors raised its holdings in shares of Wintrust Financial by 4.6% during the first quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock valued at $171,000,000 after acquiring an additional 72,082 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Wintrust Financial by 54.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,330,263 shares of the bank’s stock valued at $138,866,000 after acquiring an additional 469,640 shares in the last quarter. 93.48% of the stock is owned by institutional investors.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 8th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.85%. The ex-dividend date is Thursday, August 8th. Wintrust Financial’s dividend payout ratio is presently 18.61%.

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.