Wintrust Financial (NASDAQ: WTFC) released its earnings on July 17. The bank reported $2.32 earnings per share (EPS), which was below the expected $2.42. However, revenue was $591.76 million, slightly above the predicted $587.33 million. This marks a 5.6% increase in quarterly revenue compared to last year. Analysts forecast $10 EPS for both the current and next fiscal year.
Stock Performance
WTFC shares opened at $115.37 on Friday. The stock’s 52-week range is $71.86 to $117.77. Key metrics include a debt-to-equity ratio of 0.85 and a market cap of $7.12 billion, with a P/E ratio of 11.93.
Dividend Announcement
Wintrust recently declared a quarterly dividend of $0.45, paid on August 22, resulting in an annualized dividend of $1.80, with a yield of 1.56%.
Analyst Ratings
Analysts have mixed reviews for WTFC. The Royal Bank of Canada raised their target price to $117, while DA Davidson targets $125. Others have rated it as a “moderate buy,” with a consensus target price of $118.23.
Check Out Our Latest Stock Report on Wintrust Financial
Company Overview
Wintrust Financial operates in community banking, specialty finance, and wealth management, providing a range of financial services including loans and deposit accounts.
Read More
- Five stocks we like better than Wintrust Financial
- What is the FTSE 100 index?
- Survey Reveals: America’s Most Coveted Businesses in 2024
- Insider Trading – What You Need to Know
- Top 3 Stocks to Play Oil’s Potential Comeback Rally
- 3 REITs to Buy and Hold for the Long Term
- Analysts See Growth in CrowdStrike Stock Despite July Setback
Receive News & Ratings for Wintrust Financial Daily – Enter your email below for a daily summary of the latest news and ratings. MarketBeat.com’s FREE daily email newsletter.
`
