Wintrust Financial Co. to Issue Quarterly Dividend of $0.45 (NASDAQ:WTFC)

Wintrust Financial Co. (NASDAQ:WTFC - Get Free Report) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Thursday, May 9th will be paid a dividend of 0.45 per share by the bank on Thursday, May 23rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Wednesday, May 8th.

Wintrust Financial has increased its dividend by an average of 12.6% per year over the last three years and has increased its dividend every year for the last 11 years. Wintrust Financial has a payout ratio of 17.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Wintrust Financial to earn $10.17 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 17.7%.

Wintrust Financial Price Performance

Shares of Wintrust Financial stock traded down $0.16 on Friday, reaching $99.01. 170,496 shares of the stock were exchanged, compared to its average volume of 364,802. The firm's 50 day moving average is $98.56 and its 200-day moving average is $91.73. Wintrust Financial has a one year low of $58.12 and a one year high of $105.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.97 and a current ratio of 0.98. The firm has a market cap of $6.11 billion, a PE ratio of 10.24 and a beta of 1.21.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, topping analysts' consensus estimates of $2.42 by $0.47. The company had revenue of $604.77 million during the quarter, compared to the consensus estimate of $577.80 million. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.80 EPS. As a group, analysts anticipate that Wintrust Financial will post 10.17 EPS for the current fiscal year.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of the firm's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value 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 this link. 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. Also, 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 in the company, valued at $333,770.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,309 shares of company stock valued at $1,023,730. Corporate insiders own 1.47% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Raymond James increased their price objective on shares of Wintrust Financial from $95.00 to $115.00 and gave the company a "strong-buy" rating in a research note on Friday, January 19th. UBS Group increased their price objective on shares of Wintrust Financial from $105.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, January 23rd. Truist Financial decreased their price target on shares of Wintrust Financial from $117.00 to $112.00 and set a "buy" rating for the company in a research report on Monday, April 22nd. Citigroup decreased their price target on shares of Wintrust Financial from $115.00 to $113.00 and set a "buy" rating for the company in a research report on Monday, April 22nd. Finally, Jefferies Financial Group upped their price target on shares of Wintrust Financial from $114.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $112.33.

About Wintrust Financial

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.