Wintrust Financial Co. (NASDAQ:WTFC) Expected to Post Quarterly Sales of $415.75 Million

Wall Street analysts predict that Wintrust Financial Co. (NASDAQ:WTFC) will announce $415.75 million in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Wintrust Financial’s earnings, with the lowest sales estimate coming in at $406.00 million and the highest estimate coming in at $424.00 million. Wintrust Financial reported sales of $417.76 million during the same quarter last year, which would suggest a negative year over year growth rate of 0.5%. The company is expected to announce its next earnings results after the market closes on Wednesday, January 19th.

According to Zacks, analysts expect that Wintrust Financial will report full-year sales of $1.70 billion for the current financial year, with estimates ranging from $1.69 billion to $1.71 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.70 billion, with estimates ranging from $1.66 billion to $1.73 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Wintrust Financial.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Monday, October 18th. The bank reported $1.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.25. The business had revenue of $423.97 million for the quarter, compared to analyst estimates of $408.34 million. Wintrust Financial had a net margin of 25.11% and a return on equity of 12.12%. During the same quarter in the prior year, the business posted $1.67 EPS.

WTFC has been the topic of several research analyst reports. Janney Montgomery Scott downgraded Wintrust Financial from a “buy” rating to a “neutral” rating in a research note on Thursday, October 21st. Royal Bank of Canada increased their price target on shares of Wintrust Financial from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, October 21st. Truist lifted their price objective on shares of Wintrust Financial from $88.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 21st. Truist Securities increased their price objective on shares of Wintrust Financial from $88.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, October 21st. Finally, Raymond James boosted their target price on shares of Wintrust Financial from $108.00 to $112.00 and gave the company a “strong-buy” rating in a research report on Monday, November 29th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Wintrust Financial presently has an average rating of “Buy” and an average target price of $94.30.

WTFC stock traded up $0.61 during midday trading on Friday, reaching $102.78. The stock had a trading volume of 444,927 shares, compared to its average volume of 400,363. The firm has a fifty day simple moving average of $92.44 and a two-hundred day simple moving average of $82.74. Wintrust Financial has a 52-week low of $60.07 and a 52-week high of $102.84. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 1.00. The stock has a market cap of $5.86 billion, a PE ratio of 13.45, a P/E/G ratio of 0.99 and a beta of 1.48.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 26th. Shareholders of record on Thursday, November 11th were given a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, November 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.21%. Wintrust Financial’s dividend payout ratio (DPR) is currently 16.23%.

In other Wintrust Financial news, Director Alex E. Washington III bought 4,500 shares of Wintrust Financial stock in a transaction dated Wednesday, December 8th. The stock was acquired at an average cost of $89.61 per share, with a total value of $403,245.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Richard B. Murphy sold 2,174 shares of the stock in a transaction that occurred on Monday, October 25th. The shares were sold at an average price of $92.08, for a total value of $200,181.92. The disclosure for this sale can be found here. Corporate insiders own 1.58% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Whittier Trust Co. lifted its stake in Wintrust Financial by 1,539.0% in the 3rd quarter. Whittier Trust Co. now owns 672 shares of the bank’s stock valued at $54,000 after buying an additional 631 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Wintrust Financial in the third quarter valued at approximately $54,000. Dark Forest Capital Management LP acquired a new stake in shares of Wintrust Financial in the second quarter worth approximately $70,000. Rockefeller Capital Management L.P. increased its position in shares of Wintrust Financial by 516.5% during the second quarter. Rockefeller Capital Management L.P. now owns 1,270 shares of the bank’s stock worth $96,000 after purchasing an additional 1,064 shares in the last quarter. Finally, Telemus Capital LLC acquired a new position in Wintrust Financial in the 3rd quarter valued at $201,000. 88.81% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Company Profile

Wintrust Financial Corp. is a bank holding company, which engages in the provision of banking and financial services. It operates through the following segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment provides community-oriented, personal and commercial banking services to customers located in its market area.

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Earnings History and Estimates for Wintrust Financial (NASDAQ:WTFC)

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