Wintrust Financial (NASDAQ:WTFC) Issues Earnings Results

Wintrust Financial (NASDAQ:WTFC - Get Free Report) announced its earnings results on Wednesday. The bank reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.47, Briefing.com reports. Wintrust Financial had a return on equity of 13.23% and a net margin of 18.71%. The business had revenue of $604.77 million during the quarter, compared to analyst estimates of $577.80 million. During the same quarter in the previous year, the business earned $2.80 earnings per share. The company's revenue for the quarter was up 6.9% compared to the same quarter last year.

Wintrust Financial Stock Up 0.4 %

NASDAQ:WTFC traded up $0.34 during trading hours on Thursday, reaching $95.30. The company's stock had a trading volume of 765,331 shares, compared to its average volume of 418,015. The company has a market capitalization of $5.88 billion, a P/E ratio of 9.95 and a beta of 1.21. Wintrust Financial has a 12 month low of $58.12 and a 12 month high of $105.29. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50 day moving average price of $98.11 and a two-hundred day moving average price of $90.57.

Wintrust Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were paid a $0.45 dividend. This is an increase from Wintrust Financial's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.89%. Wintrust Financial's payout ratio is 18.79%.

Wall Street Analyst Weigh In

WTFC has been the subject of several recent analyst reports. Truist Financial boosted their target price on Wintrust Financial from $111.00 to $117.00 and gave the company a "buy" rating in a research report on Monday, April 1st. Citigroup boosted their target price on Wintrust Financial from $114.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, March 18th. Stephens reiterated an "overweight" rating and issued a $110.00 price target on shares of Wintrust Financial in a report on Tuesday. Barclays assumed coverage on Wintrust Financial in a report on Friday, March 8th. They issued an "overweight" rating and a $135.00 price target for the company. Finally, Jefferies Financial Group boosted their price target on Wintrust Financial from $114.00 to $120.00 and gave the company a "buy" rating in a report on Monday, April 8th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Wintrust Financial presently has an average rating of "Buy" and an average price target of $113.33.

Insider Buying and Selling

In other news, EVP Jeffrey D. Hahnfeld sold 588 shares of the company's stock in a transaction on Wednesday, January 31st. The stock was 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Edward J. Wehmer sold 9,500 shares of the company's stock in a transaction on Tuesday, March 5th. The stock was 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the business's stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the sale, 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. 1.47% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wintrust Financial

Large investors have recently made changes to their positions in the stock. Point72 Middle East FZE purchased a new stake in shares of Wintrust Financial during the fourth quarter valued at $227,000. Maverick Capital Ltd. purchased a new stake in shares of Wintrust Financial during the fourth quarter valued at $225,000. O Shaughnessy Asset Management LLC purchased a new stake in Wintrust Financial in the first quarter valued at $221,000. Journey Strategic Wealth LLC purchased a new stake in Wintrust Financial in the first quarter valued at $204,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in Wintrust Financial by 6.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,048 shares of the bank's stock valued at $172,000 after purchasing an additional 126 shares during the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

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.