Q2 2022 Earnings Forecast for Wintrust Financial Co. (NASDAQ:WTFC) Issued By Jefferies Financial Group

Wintrust Financial Co. (NASDAQ:WTFCGet Rating) – Equities research analysts at Jefferies Financial Group increased their Q2 2022 EPS estimates for Wintrust Financial in a research note issued to investors on Wednesday, April 20th. Jefferies Financial Group analyst C. Haire now forecasts that the bank will post earnings per share of $1.89 for the quarter, up from their previous forecast of $1.70. Jefferies Financial Group also issued estimates for Wintrust Financial’s Q3 2022 earnings at $2.04 EPS and Q4 2022 earnings at $2.22 EPS.

Several other equities research analysts also recently weighed in on the company. Truist Financial increased their price target on Wintrust Financial from $105.00 to $125.00 in a report on Monday, January 24th. Royal Bank of Canada raised their target price on Wintrust Financial from $110.00 to $122.00 in a report on Friday, January 21st. Wedbush raised their target price on Wintrust Financial from $110.00 to $115.00 in a report on Thursday, January 20th. Zacks Investment Research cut Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Friday, April 1st. Finally, Piper Sandler lifted their price objective on Wintrust Financial from $120.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Wintrust Financial presently has an average rating of “Buy” and an average target price of $113.88.

Shares of NASDAQ WTFC opened at $92.78 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.99 and a quick ratio of 0.97. The stock has a fifty day moving average price of $93.94 and a 200 day moving average price of $93.33. Wintrust Financial has a 1-year low of $65.66 and a 1-year high of $105.56. The company has a market cap of $5.31 billion, a PE ratio of 12.22, a P/E/G ratio of 0.76 and a beta of 1.34.

Wintrust Financial (NASDAQ:WTFCGet Rating) last issued its quarterly earnings results on Tuesday, April 19th. The bank reported $2.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.52. Wintrust Financial had a return on equity of 11.76% and a net margin of 25.04%. The firm had revenue of $462.08 million during the quarter, compared to the consensus estimate of $427.66 million. During the same period last year, the company earned $2.54 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 24th. Shareholders of record on Thursday, February 10th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Wednesday, February 9th. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.31. Wintrust Financial’s payout ratio is 17.92%.

Hedge funds have recently made changes to their positions in the business. Morgan Stanley lifted its holdings in shares of Wintrust Financial by 110.7% in the second quarter. Morgan Stanley now owns 111,929 shares of the bank’s stock valued at $8,465,000 after buying an additional 58,796 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in shares of Wintrust Financial by 16.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 36,869 shares of the bank’s stock valued at $2,963,000 after purchasing an additional 5,148 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Wintrust Financial during the third quarter valued at $54,000. Whittier Trust Co. lifted its holdings in shares of Wintrust Financial by 1,539.0% during the third quarter. Whittier Trust Co. now owns 672 shares of the bank’s stock valued at $54,000 after purchasing an additional 631 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Wintrust Financial by 63.3% during the third quarter. SG Americas Securities LLC now owns 71,319 shares of the bank’s stock valued at $5,732,000 after purchasing an additional 27,634 shares during the last quarter. Institutional investors own 91.36% of the company’s stock.

About Wintrust Financial (Get 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-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.

See Also

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

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