Wintrust Financial (NASDAQ:WTFC – Get Free Report) released its earnings on July 17th, reporting $2.32 per share, missing estimates of $2.42. The bank’s revenue was $591.76 million, above the $587.33 million estimate, showing a 5.6% increase from last year. Analysts expect the bank to earn $10 per share this fiscal year and next.
Stock Performance
Shares opened at $115.37, with a 52-week range of $71.86 to $117.77. Wintrust has a market cap of $7.12 billion and a P/E ratio of 11.93.
Dividend Declaration
Wintrust declared a quarterly dividend of $0.45, totaling $1.80 per year, with a yield of 1.56%. The dividend payout ratio is 18.61%.
Analyst Ratings
Analysts have mixed reviews: Royal Bank raised the target to $117; DA Davidson increased it to $125. Three analysts rate it as hold, while ten rate it as buy. The consensus rating is “Moderate Buy” with a target of $118.23.
Check Out Our Latest Stock Report on Wintrust Financial
Company Overview
Wintrust Financial is a holding company operating in community banking, specialty finance, and wealth management.
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