Wintrust Financial Co. (NASDAQ:WTFC) Forecasted to Earn Q2 2024 Earnings of $2.47 Per Share

Wintrust Financial Co. (NASDAQ:WTFC - Free Report) - Research analysts at Wedbush upped their Q2 2024 EPS estimates for shares of Wintrust Financial in a research note issued to investors on Thursday, April 18th. Wedbush analyst D. Chiaverini now anticipates that the bank will earn $2.47 per share for the quarter, up from their previous estimate of $2.44. Wedbush has a "Outperform" rating and a $116.00 price objective on the stock. The consensus estimate for Wintrust Financial's current full-year earnings is $9.90 per share. Wedbush also issued estimates for Wintrust Financial's Q3 2024 earnings at $2.46 EPS, Q4 2024 earnings at $2.34 EPS, FY2024 earnings at $10.16 EPS, Q2 2025 earnings at $2.52 EPS, Q3 2025 earnings at $2.58 EPS, Q4 2025 earnings at $2.55 EPS and FY2025 earnings at $10.05 EPS.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.47. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.29%. The company had revenue of $604.77 million during the quarter, compared to analysts' expectations of $577.80 million. During the same period in the prior year, the company posted $2.80 earnings per share. Wintrust Financial's revenue for the quarter was up 6.9% compared to the same quarter last year.

Other equities research analysts have also recently issued reports about the stock. Raymond James increased their price objective on shares of Wintrust Financial from $95.00 to $115.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 19th. StockNews.com upgraded shares of Wintrust Financial from a "sell" rating to a "hold" rating in a research report on Thursday. Keefe, Bruyette & Woods increased their price objective on shares of Wintrust Financial from $103.00 to $106.00 and gave the stock an "outperform" rating in a research report on Friday, January 19th. Truist Financial raised their price target on shares of Wintrust Financial from $111.00 to $117.00 and gave the stock a "buy" rating in a report on Monday, April 1st. Finally, Royal Bank of Canada raised their price target on shares of Wintrust Financial from $109.00 to $116.00 and gave the stock an "outperform" rating in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $112.92.

Wintrust Financial Trading Up 2.1 %

Shares of WTFC traded up $2.01 during trading hours on Friday, hitting $97.31. 384,752 shares of the stock were exchanged, compared to its average volume of 417,577. Wintrust Financial has a fifty-two week low of $58.12 and a fifty-two week high of $105.29. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.99 and a quick ratio of 0.99. The business has a 50-day moving average of $98.18 and a 200-day moving average of $90.73. The firm has a market capitalization of $6.01 billion, a P/E ratio of 10.06 and a beta of 1.21.

Wintrust Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.85%. This is a positive change from Wintrust Financial's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, February 7th. Wintrust Financial's dividend payout ratio (DPR) is 18.61%.

Insider Buying and Selling at Wintrust Financial

In related news, insider Edward J. Wehmer sold 9,500 shares of the firm's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the transaction, the insider now directly owns 177,124 shares of the company's stock, valued at $17,599,040.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Jeffrey D. Hahnfeld sold 588 shares of the firm's stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the transaction, the executive vice president now directly owns 3,410 shares of the company's stock, valued at $333,770.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward J. Wehmer sold 9,500 shares of the firm's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the transaction, the insider now directly owns 177,124 shares in the company, valued at $17,599,040.64. The disclosure for this sale can be found here. Insiders own 1.47% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WTFC. Opal Wealth Advisors LLC purchased a new position in Wintrust Financial in the first quarter valued at about $27,000. Johnson Financial Group Inc. purchased a new position in Wintrust Financial in the fourth quarter valued at about $25,000. Quent Capital LLC boosted its stake in Wintrust Financial by 120.8% in the fourth quarter. Quent Capital LLC now owns 351 shares of the bank's stock valued at $33,000 after acquiring an additional 192 shares during the last quarter. Belpointe Asset Management LLC boosted its stake in Wintrust Financial by 106.2% in the first quarter. Belpointe Asset Management LLC now owns 365 shares of the bank's stock valued at $27,000 after acquiring an additional 188 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new position in Wintrust Financial in the fourth quarter valued at about $41,000. 93.48% of the stock is owned by institutional investors.

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.