$415.75 Million in Sales Expected for Wintrust Financial Co. (NASDAQ:WTFC) This Quarter

Wall Street brokerages expect Wintrust Financial Co. (NASDAQ:WTFC) to announce $415.75 million in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Wintrust Financial’s earnings, with estimates ranging from $406.00 million to $424.00 million. Wintrust Financial posted sales of $417.76 million in the same quarter last year, which suggests a negative year-over-year growth rate of 0.5%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, January 19th.

According to Zacks, analysts expect that Wintrust Financial will report full-year sales of $1.70 billion for the current financial year, with estimates ranging from $1.69 billion to $1.71 billion. For the next year, analysts expect that the company will report sales of $1.70 billion, with estimates ranging from $1.66 billion to $1.73 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Wintrust Financial.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, October 18th. The bank reported $1.77 EPS for the quarter, topping the consensus estimate of $1.52 by $0.25. Wintrust Financial had a net margin of 25.11% and a return on equity of 12.12%. The company had revenue of $423.97 million during the quarter, compared to analysts’ expectations of $408.34 million. During the same quarter in the previous year, the business posted $1.67 EPS.

A number of brokerages have issued reports on WTFC. Royal Bank of Canada lifted their price target on Wintrust Financial from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, October 21st. Raymond James boosted their target price on Wintrust Financial from $108.00 to $112.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 29th. Truist Securities increased their price target on shares of Wintrust Financial from $88.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, October 21st. Truist raised their price objective on shares of Wintrust Financial from $88.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, October 21st. Finally, Janney Montgomery Scott cut shares of Wintrust Financial from a “buy” rating to a “neutral” rating in a report on Thursday, October 21st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $94.30.

Shares of WTFC stock traded up $0.61 on Friday, reaching $102.78. 444,927 shares of the stock were exchanged, compared to its average volume of 400,363. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 0.99 and a beta of 1.48. The business’s 50 day moving average price is $92.44 and its 200 day moving average price is $82.74. The company has a current ratio of 1.00, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. Wintrust Financial has a twelve month low of $60.07 and a twelve month high of $102.84.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 26th. Stockholders of record on Thursday, November 11th were issued a $0.31 dividend. The ex-dividend date was Tuesday, November 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.21%. Wintrust Financial’s payout ratio is 16.23%.

In related news, Director Alex E. Washington III bought 4,500 shares of the stock in a transaction on Wednesday, December 8th. The shares were bought at an average cost of $89.61 per share, for a total transaction of $403,245.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Richard B. Murphy sold 2,174 shares of the company’s stock in a transaction that occurred on Monday, October 25th. The stock was sold at an average price of $92.08, for a total value of $200,181.92. The disclosure for this sale can be found here. 1.58% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Louisiana State Employees Retirement System raised its position in Wintrust Financial by 1.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the bank’s stock worth $1,335,000 after buying an additional 200 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in Wintrust Financial by 1.9% during the third quarter. UBS Asset Management Americas Inc. now owns 95,889 shares of the bank’s stock worth $7,707,000 after purchasing an additional 1,783 shares in the last quarter. Balyasny Asset Management LLC lifted its position in Wintrust Financial by 207.2% in the third quarter. Balyasny Asset Management LLC now owns 208,423 shares of the bank’s stock valued at $16,751,000 after purchasing an additional 140,585 shares during the period. First Mercantile Trust Co. lifted its position in Wintrust Financial by 17.3% in the third quarter. First Mercantile Trust Co. now owns 5,934 shares of the bank’s stock valued at $477,000 after purchasing an additional 877 shares during the period. Finally, Comerica Bank boosted its holdings in Wintrust Financial by 83.4% in the 3rd quarter. Comerica Bank now owns 57,456 shares of the bank’s stock valued at $4,644,000 after purchasing an additional 26,122 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

Wintrust Financial Company Profile

Wintrust Financial Corp. is a bank holding company, which engages in the provision of banking and financial services. It operates through the following segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment provides community-oriented, personal and commercial banking services to customers located in its market area.

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Earnings History and Estimates for Wintrust Financial (NASDAQ:WTFC)

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