Q3 2024 EPS Estimates for Wintrust Financial Co. Raised by Wedbush (NASDAQ:WTFC)

Wintrust Financial Co. (NASDAQ:WTFC) – Equities researchers at Wedbush boosted their Q3 2024 earnings per share (EPS) estimates for Wintrust Financial in a research report issued to clients and investors on Tuesday, September 24th. Wedbush analyst D. Chiaverini now forecasts that the bank will post earnings per share of $2.59 for the quarter, up from their previous forecast of $2.58. Wedbush currently has a “Outperform” rating and a $130.00 target price on the stock. The consensus estimate for Wintrust Financial’s current full-year earnings is $10.12 per share. Wedbush also issued estimates for Wintrust Financial’s Q4 2024 earnings at $2.52 EPS and FY2026 earnings at $10.30 EPS.

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

WTFC has been the subject of a number of other research reports. Royal Bank of Canada lifted their target price on shares of Wintrust Financial from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, July 9th. Stephens restated an “overweight” rating and issued a $115.00 target price on shares of Wintrust Financial in a research note on Thursday, July 18th. DA Davidson raised their price target on Wintrust Financial from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Truist Financial lifted their price target on Wintrust Financial from $118.00 to $123.00 and gave the company a “buy” rating in a report on Friday, September 20th. Finally, Jefferies Financial Group dropped their price objective on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.23.

Wintrust Financial Stock Performance

Shares of WTFC opened at $106.55 on Thursday. The company has a market capitalization of $7.09 billion, a PE ratio of 11.02 and a beta of 1.16. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.99. The company’s 50 day moving average price is $104.71 and its 200 day moving average price is $100.91. Wintrust Financial has a 52 week low of $71.86 and a 52 week high of $113.68.

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 paid a $0.45 dividend. The ex-dividend date was Thursday, August 8th. This represents a $1.80 dividend on an annualized basis and a yield of 1.69%. Wintrust Financial’s payout ratio is presently 18.61%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its position in Wintrust Financial by 11.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 6,104 shares of the bank’s stock worth $566,000 after buying an additional 614 shares during the period. PNC Financial Services Group Inc. raised its stake in Wintrust Financial by 84.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the bank’s stock valued at $533,000 after purchasing an additional 2,623 shares during the last quarter. Corient Private Wealth LLC bought a new stake in Wintrust Financial in the 4th quarter valued at $541,000. Assetmark Inc. grew its position in Wintrust Financial by 210,500.0% in the 4th quarter. Assetmark Inc. now owns 2,106 shares of the bank’s stock worth $195,000 after purchasing an additional 2,105 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in Wintrust Financial in the 4th quarter worth $25,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

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.