Wintrust Financial (NASDAQ:WTFC) Posts Earnings Results, Beats Expectations By $0.15 EPS

Wintrust Financial (NASDAQ:WTFC) posted its quarterly earnings data on Monday. The bank reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.15, Zacks reports. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The company had revenue of $738.63 million during the quarter, compared to analyst estimates of $735.36 million. During the same quarter last year, the company earned $2.78 earnings per share.

Wintrust Financial Trading Down 0.4%

NASDAQ:WTFC opened at $163.66 on Tuesday. The stock has a market cap of $11.04 billion, a price-to-earnings ratio of 13.72 and a beta of 0.84. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average price is $155.48 and its 200-day moving average price is $149.06. Wintrust Financial has a 52 week low of $119.61 and a 52 week high of $167.21.

Analysts Set New Price Targets

Several research analysts recently weighed in on WTFC shares. Piper Sandler restated an “overweight” rating and issued a $188.00 price objective (up from $184.00) on shares of Wintrust Financial in a research report on Wednesday, April 22nd. DA Davidson restated a “buy” rating and set a $185.00 price objective on shares of Wintrust Financial in a research report on Tuesday, June 30th. TD Cowen upped their target price on shares of Wintrust Financial from $173.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wintrust Financial in a report on Monday, June 29th. Finally, Stephens started coverage on Wintrust Financial in a report on Friday, March 27th. They set an “equal weight” rating and a $160.00 target price on the stock. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $174.92.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 3,020 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $150.45, for a total transaction of $454,359.00. Following the sale, the chief financial officer directly owned 13,213 shares in the company, valued at approximately $1,987,895.85. This trade represents a 18.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO David A. Dykstra sold 9,579 shares of the business’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $148.82, for a total value of $1,425,546.78. Following the completion of the transaction, the chief operating officer owned 179,810 shares of the company’s stock, valued at $26,759,324.20. This represents a 5.06% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 13,099 shares of company stock worth $1,954,386. Insiders own 1.24% of the company’s stock.

Institutional Investors Weigh In On Wintrust Financial

Large investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. bought a new stake in shares of Wintrust Financial in the first quarter worth $27,000. Jones Financial Companies Lllp grew its stake in shares of Wintrust Financial by 49.0% during the 1st quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock valued at $115,000 after purchasing an additional 335 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Wintrust Financial by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock worth $20,179,000 after purchasing an additional 12,103 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Wintrust Financial by 400.0% in the second quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank’s stock worth $50,000 after buying an additional 320 shares during the last quarter. Finally, Cerity Partners LLC grew its position in Wintrust Financial by 1.6% during the second quarter. Cerity Partners LLC now owns 23,120 shares of the bank’s stock valued at $2,866,000 after buying an additional 355 shares during the period. Institutional investors own 93.48% of the company’s stock.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago?area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid?size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.