Wintrust Financial Co. (NASDAQ:WTFC) Expected to Post Q3 2024 Earnings of $2.55 Per Share

Wintrust Financial Co. (NASDAQ:WTFC) – Equities research analysts at Wedbush decreased their Q3 2024 earnings per share (EPS) estimates for shares of Wintrust Financial in a note issued to investors on Wednesday, October 9th. Wedbush analyst D. Chiaverini now expects that the bank will earn $2.55 per share for the quarter, down from their previous forecast of $2.59. Wedbush has a “Outperform” rating and a $130.00 price objective on the stock. The consensus estimate for Wintrust Financial’s current full-year earnings is $10.09 per share. Wedbush also issued estimates for Wintrust Financial’s Q4 2024 earnings at $2.49 EPS, FY2024 earnings at $10.24 EPS, Q1 2025 earnings at $2.44 EPS, Q2 2025 earnings at $2.49 EPS, Q3 2025 earnings at $2.54 EPS, Q4 2025 earnings at $2.44 EPS and FY2025 earnings at $9.90 EPS.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results 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). Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The company had revenue of $591.76 million during the quarter, compared to analyst estimates of $587.33 million. During the same period in the previous year, the company posted $2.38 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis.

Several other research firms have also recently commented on WTFC. Truist Financial lifted their target price on Wintrust Financial from $118.00 to $123.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Jefferies Financial Group dropped their target price on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Piper Sandler upped their price objective on Wintrust Financial from $113.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Stephens reissued an “overweight” rating and set a $115.00 price target on shares of Wintrust Financial in a research report on Thursday, July 18th. Finally, Hovde Group reiterated a “market perform” rating and issued a $100.00 price target on shares of Wintrust Financial in a research note on Friday, June 21st. Three investment 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.23.

Wintrust Financial Trading Down 0.7 %

Shares of WTFC opened at $106.87 on Friday. The stock has a fifty day moving average price of $104.29 and a two-hundred day moving average price of $101.42. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 11.12 and a beta of 1.16. Wintrust Financial has a 52-week low of $71.86 and a 52-week high of $113.68. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.99.

Institutional Investors Weigh In On Wintrust Financial

Hedge funds have recently modified their holdings of the stock. Concord Wealth Partners purchased a new position in Wintrust Financial in the first quarter worth $26,000. Opal Wealth Advisors LLC bought a new position in shares of Wintrust Financial during the first quarter valued at about $27,000. Versant Capital Management Inc raised its stake in shares of Wintrust Financial by 825.0% during the second 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. raised its stake 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 valued at $51,000 after acquiring an additional 201 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Wintrust Financial by 62.0% during the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after acquiring an additional 196 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.68%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.73%.

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.