Wintrust Financial Corporation (WTFC) to Issue Quarterly Dividend of $0.50 on November 20th

Wintrust Financial Corporation (NASDAQ:WTFC) declared a quarterly dividend on Thursday, October 23rd. Investors of record on Thursday, November 6th will be paid a dividend of 0.50 per share by the bank on Thursday, November 20th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, November 6th.

Wintrust Financial has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 12 years. Wintrust Financial has a dividend payout ratio of 17.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Wintrust Financial to earn $10.87 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 18.4%.

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock opened at $128.80 on Tuesday. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 11.84 and a beta of 0.83. The firm’s 50-day moving average is $132.34 and its 200 day moving average is $126.32. Wintrust Financial has a 1 year low of $89.10 and a 1 year high of $142.04. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, October 20th. The bank reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.43. The company had revenue of $697.84 million for the quarter, compared to analysts’ expectations of $689.10 million. Wintrust Financial had a net margin of 18.85% and a return on equity of 13.05%. During the same quarter in the previous year, the business posted $2.47 EPS. Sell-side analysts anticipate that Wintrust Financial will post 10.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Earnest Partners LLC raised its holdings in Wintrust Financial by 7.4% during the 1st quarter. Earnest Partners LLC now owns 1,410,773 shares of the bank’s stock valued at $158,656,000 after buying an additional 97,587 shares during the period. Invesco Ltd. raised its holdings in Wintrust Financial by 9.0% during the 2nd quarter. Invesco Ltd. now owns 1,229,858 shares of the bank’s stock valued at $152,478,000 after buying an additional 101,134 shares during the period. Jennison Associates LLC raised its holdings in Wintrust Financial by 8.9% during the 3rd quarter. Jennison Associates LLC now owns 1,020,660 shares of the bank’s stock valued at $135,176,000 after buying an additional 83,826 shares during the period. Northern Trust Corp raised its holdings in Wintrust Financial by 20.2% during the 1st quarter. Northern Trust Corp now owns 852,583 shares of the bank’s stock valued at $95,881,000 after buying an additional 143,401 shares during the period. Finally, Reinhart Partners LLC. raised its holdings in Wintrust Financial by 12.2% during the 2nd quarter. Reinhart Partners LLC. now owns 751,481 shares of the bank’s stock valued at $93,170,000 after buying an additional 81,763 shares during the period. 93.48% of the stock is currently owned by institutional investors.

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.