Wintrust Financial Corp (WTFC) To Go Ex-Dividend on November 6th

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Wintrust Financial Corp (NASDAQ:WTFC) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Thursday, November 7th will be paid a dividend of 0.25 per share by the bank on Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Wednesday, November 6th.

NASDAQ:WTFC opened at $65.49 on Monday. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 11.18 and a beta of 1.07. Wintrust Financial has a one year low of $59.34 and a one year high of $79.63. The stock has a 50-day simple moving average of $64.56 and a 200 day simple moving average of $68.64. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.99 and a current ratio of 1.00.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Wednesday, October 16th. The bank reported $1.69 EPS for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.07. The business had revenue of $380.00 million during the quarter, compared to the consensus estimate of $374.98 million. Wintrust Financial had a return on equity of 10.65% and a net margin of 20.24%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $1.57 earnings per share. On average, equities research analysts forecast that Wintrust Financial will post 6.15 EPS for the current fiscal year.

A number of equities analysts have commented on the company. Wedbush decreased their target price on Wintrust Financial from $74.00 to $71.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Raymond James downgraded Wintrust Financial from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, August 29th. Piper Jaffray Companies set a $92.00 target price on Wintrust Financial and gave the company a “buy” rating in a research note on Monday, July 8th. Zacks Investment Research upgraded Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. Finally, UBS Group decreased their target price on Wintrust Financial from $72.00 to $67.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Wintrust Financial presently has an average rating of “Hold” and an average price target of $77.14.

Wintrust Financial Company Profile

Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.

See Also: What does a neutral rating on stocks mean?

Dividend History for Wintrust Financial (NASDAQ:WTFC)

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