Fiscal 2022 EPS estimates for Wintrust Financial Co. raised by analyst (NASDAQ: WTFC)

Wintrust Financial Co. (NASDAQ: WTFC ​​- Get a rating) – Equity researchers at Jefferies Financial Group raised their earnings per share estimates for fiscal year 2022 for Wintrust Financial in a research report released Wednesday, April 20. Jefferies Financial Group analyst C. Haire now expects the bank to earn $8.22 per share for the year, up from his previous estimate of $7.35. Jefferies Financial Group also released estimates for Wintrust Financial Q1 2023 earnings at $2.17 EPS, Q2 2023 earnings at $2.32 EPS, Q3 2023 earnings at $2.30 EPS, earnings Q4 2023 at $2.31 EPS and FY2023 earnings at $9.10 EPS. Wintrust Financial (NASDAQ: WTFC ​​- Get a rating) last released its quarterly results on Tuesday, April 19. The bank reported earnings per share (EPS) of $2.07 for the quarter, beating the consensus estimate of $1.55 by $0.52. Wintrust Financial had a net margin of 23.67% and a return on equity of 10.95%. The company posted revenue of $462.08 million in the quarter, compared to $427.66 million expected by analysts. In the same period a year earlier, the company posted earnings per share of $2.54. The company’s revenue for the quarter increased 3.1% year over year.

A number of other research analysts have also recently released reports on the stock. Raymond James raised his price target on Wintrust Financial shares from $124.00 to $130.00 and gave the company a “strong buy” rating in a report on Thursday. Royal Bank of Canada raised its target price on shares of Wintrust Financial from $110.00 to $122.00 in a Friday, January 21 report. Janney Montgomery Scott upgraded Wintrust Financial shares from a “neutral” rating to a “buy” rating in a Tuesday, March 8 report. Piper Sandler raised her price target on Wintrust Financial shares from $120.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday. Finally, UBS Group raised its price target on Wintrust Financial shares from $95.00 to $104.00 in a research note on Thursday. Two equity research analysts gave the stock a hold rating, six gave the stock a buy rating and one gave the stock a strong buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $113.88.

Wintrust Financial shares opened at $92.78 on Monday. Wintrust Financial has a 12-month low of $65.66 and a 12-month high of $105.56. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt ratio of 0.59. The stock has a market capitalization of $5.31 billion, a PE ratio of 13.03, a growth price-earnings ratio of 0.82 and a beta of 1.34. The company has a 50-day moving average of $93.94 and a two-hundred-day moving average of $93.41.

A number of hedge funds and other institutional investors have recently changed their positions in the stock. BlackRock Inc. increased its position in Wintrust Financial by 1.4% during the third quarter. BlackRock Inc. now owns 5,615,478 shares of the bank worth $451,317,000 after acquiring an additional 75,092 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Wintrust Financial by 2.7% during the third quarter. Dimensional Fund Advisors LP now owns 2,649,342 shares of the bank worth $212,928,000 after acquiring an additional 69,751 shares in the last quarter. State Street Corp increased its holdings of Wintrust Financial shares by 4.6% in the fourth quarter. State Street Corp now owns 2,509,105 shares of the bank valued at $227,877,000 after buying an additional 111,076 shares in the last quarter. Victory Capital Management Inc. increased its holdings of Wintrust Financial shares by 543.4% in Q4. Victory Capital Management Inc. now owns 2,016,187 shares of the bank valued at $183,111,000 after purchasing an additional 1,702,814 shares in the last quarter. Finally, Invesco Ltd. increased its holdings of Wintrust Financial shares by 7.1% in Q3. Invesco Ltd. now owns 824,217 shares of the bank valued at $66,243,000 after purchasing an additional 54,799 shares in the last quarter. Hedge funds and other institutional investors hold 91.36% of the company’s shares.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 24. Shareholders of record on Thursday, February 10 received a dividend of $0.34 per share. This represents a dividend of $1.36 on an annualized basis and a dividend yield of 1.47%. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, February 9. Wintrust Financial’s dividend payout ratio (DPR) is 19.10%.

Wintrust Financial Company Profile (Get a rating)

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-intermediate interest bearing transaction accounts, as well as domestic savings and term deposits; home, consumer and real estate loans; safes; and automated teller machine (ATM), online and mobile banking and other services.

Featured articles

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Wintrust Financial right now?

Before you consider Wintrust Financial, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Wintrust Financial wasn’t on the list.

Although Wintrust Financial currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here