Equities Analysts Offer Predictions for Wintrust Financial Co.’s Q3 2024 Earnings (NASDAQ:WTFC)

Wintrust Financial Co. (NASDAQ:WTFC) – Investment analysts at DA Davidson issued their Q3 2024 earnings per share (EPS) estimates for shares of Wintrust Financial in a research note issued on Thursday, October 3rd. DA Davidson analyst J. Rulis forecasts that the bank will earn $2.63 per share for the quarter. DA Davidson has a “Buy” rating and a $125.00 price objective on the stock. The consensus estimate for Wintrust Financial’s current full-year earnings is $10.09 per share. DA Davidson also issued estimates for Wintrust Financial’s FY2024 earnings at $10.20 EPS and FY2025 earnings at $10.50 EPS.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Wednesday, July 17th. The bank reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.10). The company had revenue of $591.76 million for the quarter, compared to analysts’ expectations of $587.33 million. Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $2.38 EPS.

Several other brokerages have also weighed in on WTFC. Royal Bank of Canada increased their price objective on Wintrust Financial from $116.00 to $117.00 and gave the company an “outperform” rating in a report on Tuesday, July 9th. Keefe, Bruyette & Woods lowered Wintrust Financial from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $110.00 to $115.00 in a report on Friday, July 19th. Stephens restated an “overweight” rating and issued a $115.00 price objective on shares of Wintrust Financial in a research note on Thursday, July 18th. Hovde Group reiterated a “market perform” rating and set a $100.00 target price on shares of Wintrust Financial in a research report on Friday, June 21st. Finally, Jefferies Financial Group lowered their price target on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.23.

Wintrust Financial Stock Up 1.9 %

Wintrust Financial stock opened at $106.60 on Friday. The firm has a 50 day moving average price of $104.38 and a 200-day moving average price of $101.21. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.85. Wintrust Financial has a twelve month low of $71.86 and a twelve month high of $113.68. The company has a market capitalization of $7.09 billion, a P/E ratio of 11.02 and a beta of 1.16.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WTFC. Concord Wealth Partners bought a new stake in Wintrust Financial during the first quarter valued at $26,000. Opal Wealth Advisors LLC bought a new stake in shares of Wintrust Financial during the 1st quarter valued at about $27,000. Versant Capital Management Inc boosted its position in shares of Wintrust Financial by 825.0% during the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock valued at $29,000 after acquiring an additional 264 shares during the last quarter. DHJJ Financial Advisors Ltd. grew its holdings in shares of Wintrust Financial by 70.0% during the first quarter. DHJJ Financial Advisors Ltd. now owns 488 shares of the bank’s stock worth $51,000 after purchasing an additional 201 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Wintrust Financial in the fourth quarter worth approximately $60,000. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Thursday, August 8th. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.61%.

Wintrust Financial Company Profile

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.