Wintrust Financial (NASDAQ:WTFC) Issues Earnings Results, Misses Expectations By $0.02 EPS

Wintrust Financial (NASDAQ:WTFC) announced its quarterly earnings data on Monday. The bank reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.49 by ($0.02), Briefing.com reports. The firm had revenue of $615.73 million during the quarter, compared to the consensus estimate of $623.45 million. Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.53 EPS.

Wintrust Financial Trading Down 2.7 %

Shares of NASDAQ WTFC opened at $112.29 on Tuesday. The business has a fifty day moving average price of $106.20 and a 200 day moving average price of $101.88. Wintrust Financial has a 1-year low of $71.86 and a 1-year high of $117.77. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $6.93 billion, a P/E ratio of 11.61 and a beta of 1.16.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Thursday, August 8th. Wintrust Financial’s payout ratio is 18.61%.

Analysts Set New Price Targets

WTFC has been the subject of a number of research analyst reports. Wedbush raised their price target on Wintrust Financial from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. Stephens reissued an “overweight” rating and set a $115.00 target price on shares of Wintrust Financial in a research note on Thursday, July 18th. Keefe, Bruyette & Woods cut shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $110.00 to $115.00 in a report on Friday, July 19th. Jefferies Financial Group decreased their price objective on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Finally, Royal Bank of Canada upped their target price on shares of Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 9th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Wintrust Financial currently has a consensus rating of “Moderate Buy” and an average target price of $118.23.

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.