Wintrust Financial Corporation to Issue Quarterly Dividend of $0.50 (NASDAQ:WTFC)

Key Points

• Wintrust Financial Corporation declared a quarterly dividend of $0.50, payable on November 20th to investors of record as of November 6th, representing an annualized yield of 1.6%.
• The company reported earnings of $3.06 per share for the last quarter, exceeding analysts' expectations of $2.63 by $0.43, with revenues of $697.84 million.
• Several analysts have reiterated positive ratings for Wintrust Financial, with target prices ranging from $138.00 to $175.00, reflecting strong market confidence in the stock.

Wintrust Financial Corporation (NASDAQ:WTFC - Get Free Report) declared a quarterly dividend on Thursday, October 23rd. Investors of record on Thursday, November 6th will be paid a dividend of 0.50 per share by the bank on Thursday, November 20th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, November 6th.

Wintrust Financial has a payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Wintrust Financial to earn $10.87 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 18.4%.

Wintrust Financial Stock Up 0.1%

WTFC opened at $126.10 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 11.59 and a beta of 0.83. The business has a 50-day moving average of $132.44 and a two-hundred day moving average of $124.39. Wintrust Financial has a 12 month low of $89.10 and a 12 month high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings results on Monday, October 20th. The bank reported $3.06 EPS for the quarter, beating the consensus estimate of $2.63 by $0.43. The company had revenue of $697.84 million during the quarter, compared to analysts' expectations of $689.10 million. Wintrust Financial had a return on equity of 13.05% and a net margin of 18.85%.During the same quarter in the previous year, the business earned $2.47 EPS. On average, research analysts expect that Wintrust Financial will post 10.36 earnings per share for the current year.

Analysts Set New Price Targets

WTFC has been the subject of several recent analyst reports. Cowen restated a "buy" rating on shares of Wintrust Financial in a report on Wednesday. Piper Sandler restated an "overweight" rating and issued a $161.00 price target (up previously from $160.00) on shares of Wintrust Financial in a report on Wednesday. DA Davidson reiterated a "buy" rating and set a $158.00 target price on shares of Wintrust Financial in a report on Tuesday. Barclays reiterated an "overweight" rating and set a $175.00 target price on shares of Wintrust Financial in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods boosted their target price on Wintrust Financial from $130.00 to $138.00 and gave the stock a "market perform" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Wintrust Financial currently has an average rating of "Moderate Buy" and an average target price of $152.92.

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.

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