Wintrust Financial (NASDAQ: WTFC) reported earnings on July 17. They earned $2.32 per share, missing expectations of $2.42 by $0.10. Their revenue was $591.76 million, slightly exceeding forecasts. In the same quarter last year, they had earnings of $2.38 per share. Analysts predict Wintrust will earn $10 per share this fiscal year and next.
Stock Performance
Wintrust Financial shares opened at $115.37. The stock has ranged from a low of $71.86 to a high of $117.77 over the past year. The company has a market cap of $7.12 billion and a P/E ratio of 11.93.
Dividend Announcement
Wintrust declared a quarterly dividend of $0.45, payable on August 22 to shareholders as of August 8. This amounts to an annual dividend of $1.80, with a yield of 1.56%.
Analyst Ratings
Analysts have varied opinions on Wintrust Financial. RBC raised its price target to $117, while DA Davidson set it at $125. Three analysts rate it as a hold, ten as a buy, and one as a strong buy. The overall consensus is a “Moderate Buy” with an average target price of $118.23.
Company Overview
Wintrust Financial Corporation offers banking and financial services through Community Banking, Specialty Finance, and Wealth Management segments.
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