Wintrust Financial Corporation (WTFC) Posts Earnings Results, Beats Estimates By $0.12 EPS

Wintrust Financial Corporation (NASDAQ:WTFC) announced its earnings results on Tuesday, July 18th. The bank reported $1.11 EPS for the quarter, topping the consensus estimate of $0.99 by $0.12, Briefing.com reports. The firm had revenue of $294.38 million for the quarter, compared to the consensus estimate of $279.69 million. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 EPS.

Wintrust Financial Corporation (NASDAQ:WTFC) traded down 1.11% on Friday, reaching $72.19. 177,071 shares of the company’s stock traded hands. Wintrust Financial Corporation has a 12 month low of $51.65 and a 12 month high of $80.52. The firm’s 50-day moving average is $76.00 and its 200 day moving average is $72.77. The firm has a market cap of $4.03 billion, a PE ratio of 18.21 and a beta of 0.81.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.56 annualized dividend and a yield of 0.78%. Wintrust Financial Corporation’s payout ratio is 14.11%.

In related news, insider Edward J. Wehmer sold 29,779 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $76.89, for a total transaction of $2,289,707.31. Following the completion of the transaction, the insider now owns 137,352 shares in the company, valued at $10,560,995.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP David A. Dykstra sold 26,861 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $76.82, for a total value of $2,063,462.02. Following the transaction, the executive vice president now owns 185,651 shares of the company’s stock, valued at approximately $14,261,709.82. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

A number of institutional investors have recently bought and sold shares of WTFC. Advisors Asset Management Inc. purchased a new position in Wintrust Financial Corporation during the second quarter worth about $121,000. Exane Derivatives purchased a new position in Wintrust Financial Corporation during the second quarter worth about $128,000. Daiwa Securities Group Inc. purchased a new position in Wintrust Financial Corporation during the first quarter worth about $187,000. Penserra Capital Management LLC purchased a new position in Wintrust Financial Corporation during the first quarter worth about $193,000. Finally, Essex Investment Management Co. LLC purchased a new position in Wintrust Financial Corporation during the second quarter worth about $215,000. Institutional investors and hedge funds own 89.70% of the company’s stock.

WTFC has been the topic of several research analyst reports. ValuEngine upgraded shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research report on Saturday. Jefferies Group LLC restated a “hold” rating and issued a $80.00 price target on shares of Wintrust Financial Corporation in a research report on Friday. Hovde Group restated a “market perform” rating and issued a $80.00 price target (up from $76.50) on shares of Wintrust Financial Corporation in a research report on Tuesday, August 8th. BidaskClub downgraded shares of Wintrust Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, Piper Jaffray Companies set a $72.00 target price on shares of Wintrust Financial Corporation and gave the company a “hold” rating in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $78.71.

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Wintrust Financial Corporation Company Profile

Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.

Earnings History for Wintrust Financial Corporation (NASDAQ:WTFC)

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