DA Davidson Weighs in on Wintrust Financial Co.’s FY2022 Earnings (NASDAQ:WTFC)

Wintrust Financial Co. (NASDAQ:WTFC) – Investment analysts at DA Davidson increased their FY2022 earnings estimates for Wintrust Financial in a report issued on Wednesday, January 12th. DA Davidson analyst R. Gunther now expects that the bank will earn $5.80 per share for the year, up from their prior estimate of $5.70.

A number of other research analysts have also issued reports on WTFC. Zacks Investment Research upgraded Wintrust Financial from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research report on Saturday, January 8th. Janney Montgomery Scott lowered Wintrust Financial from a “buy” rating to a “neutral” rating in a report on Thursday, October 21st. Raymond James upped their price objective on Wintrust Financial from $108.00 to $112.00 and gave the company a “strong-buy” rating in a report on Monday, November 29th. Royal Bank of Canada upped their price objective on Wintrust Financial from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, October 21st. Finally, Truist Securities boosted their target price on Wintrust Financial from $88.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, October 21st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $94.30.

Shares of WTFC stock opened at $102.78 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 1.00. Wintrust Financial has a 1 year low of $60.07 and a 1 year high of $102.84. The stock has a fifty day moving average of $92.44 and a two-hundred day moving average of $82.74. The firm has a market capitalization of $5.86 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 0.99 and a beta of 1.48.

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

A number of hedge funds and other institutional investors have recently modified their holdings of WTFC. Balyasny Asset Management LLC grew its stake in Wintrust Financial by 124.2% in the second quarter. Balyasny Asset Management LLC now owns 67,838 shares of the bank’s stock valued at $5,131,000 after purchasing an additional 347,938 shares in the last quarter. Credit Suisse AG grew its stake in Wintrust Financial by 525.1% in the third quarter. Credit Suisse AG now owns 410,891 shares of the bank’s stock valued at $33,023,000 after purchasing an additional 345,164 shares in the last quarter. Victory Capital Management Inc. grew its stake in Wintrust Financial by 4,101.3% in the third quarter. Victory Capital Management Inc. now owns 313,373 shares of the bank’s stock valued at $25,186,000 after purchasing an additional 305,914 shares in the last quarter. Millennium Management LLC grew its stake in Wintrust Financial by 69.3% in the second quarter. Millennium Management LLC now owns 558,890 shares of the bank’s stock valued at $42,269,000 after purchasing an additional 228,782 shares in the last quarter. Finally, State Street Corp grew its stake in Wintrust Financial by 8.1% in the second quarter. State Street Corp now owns 2,844,577 shares of the bank’s stock valued at $215,135,000 after purchasing an additional 214,006 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

In other Wintrust Financial news, Director Alex E. Washington III purchased 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 8th. The shares were purchased at an average cost of $89.61 per share, with a total value of $403,245.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Richard B. Murphy sold 2,174 shares of the company’s stock in a transaction on Monday, October 25th. The shares were 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 currently owned by insiders.

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

About Wintrust Financial

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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