Wintrust Financial (NASDAQ:WTFC – Get Free Report) reported earnings on July 17th. They had earnings of $2.32 per share, falling short of the estimated $2.42. The company earned $591.76 million in revenue, beating expectations of $587.33 million, and saw a 5.6% increase in revenue compared to last year. Analysts predict $10 EPS for this and next fiscal year.
Stock Performance
WTFC shares opened at $115.37 on Friday. The stock’s 52-week range is from $71.86 to $117.77. It has a market cap of $7.12 billion, a P/E ratio of 11.93, and a debt-to-equity ratio of 0.85. The average stock prices over 50-day and 200-day periods are $106.20 and $101.87, respectively.
Recent Dividend Announcement
Wintrust declared a $0.45 quarterly dividend, paid on August 22nd, resulting in an annual yield of 1.56%. Their dividend payout ratio is 18.61%.
Analyst Ratings
Analysts have mixed views on WTFC. Royal Bank of Canada raised its target price from $116 to $117, while DA Davidson increased theirs from $120 to $125. Other firms, such as Keefe, Bruyette & Woods, downgraded the rating but raised the target to $115. The overall consensus rating is “Moderate Buy” with an average target price of $118.23.
Check Out Our Latest Stock Report on Wintrust Financial
Company Overview
(Get Free Report) Wintrust Financial Corporation is a financial holding company offering community banking, specialty finance, and wealth management services.
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