Wintrust Financial (NASDAQ:WTFC) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Wintrust Financial (NASDAQ:WTFC) announced its quarterly earnings results on Tuesday. The bank reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.11, Zacks reports. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%.

Wintrust Financial Trading Up 1.4 %

Shares of WTFC stock traded up $1.87 during mid-day trading on Tuesday, reaching $136.92. The stock had a trading volume of 461,497 shares, compared to its average volume of 464,416. The firm has a market capitalization of $9.10 billion, a PE ratio of 14.34 and a beta of 1.20. The stock’s 50-day moving average price is $130.98 and its two-hundred day moving average price is $115.91. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. Wintrust Financial has a 52-week low of $89.68 and a 52-week high of $142.04.

Wintrust Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, November 7th. This represents a $1.80 annualized dividend and a yield of 1.31%. Wintrust Financial’s payout ratio is currently 18.85%.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total transaction of $473,967.37. Following the sale, the insider now directly owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. The trade was a 8.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO David A. Dykstra sold 15,492 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total value of $1,789,016.16. Following the completion of the transaction, the chief operating officer now owns 197,591 shares of the company’s stock, valued at approximately $22,817,808.68. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,198 shares of company stock worth $2,445,314. Company insiders own 1.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on WTFC. Wedbush restated an “outperform” rating and set a $130.00 target price on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Truist Financial upgraded Wintrust Financial to a “strong-buy” rating in a research note on Monday, January 6th. DA Davidson upped their price target on Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. UBS Group initiated coverage on Wintrust Financial in a research note on Tuesday, December 17th. They set a “buy” rating and a $157.00 price objective for the company. Finally, Raymond James increased their price target on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $128.00.

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.