share_log
Hi,
moomoo ID:0
Log Out
English
Back
  • English
  • 中文繁体
  • 中文简体

FY2022 Earnings Forecast for Wintrust Financial Co. Issued By Wedbush (NASDAQ:WTFC)

Defense World ·  10/01 14:02

Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) – Wedbush lifted their FY2022 earnings per share (EPS) estimates for shares of Wintrust Financial in a report released on Wednesday, September 28th. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings of $7.85 per share for the year, up from their prior forecast of $7.80. Wedbush has a "Outperform" rating and a $105.00 price target on the stock. The consensus estimate for Wintrust Financial's current full-year earnings is $7.99 per share. Wedbush also issued estimates for Wintrust Financial's Q4 2022 earnings at $2.29 EPS, Q1 2023 earnings at $2.47 EPS, Q2 2023 earnings at $2.59 EPS, Q3 2023 earnings at $2.62 EPS, Q4 2023 earnings at $2.46 EPS, FY2023 earnings at $10.15 EPS and FY2024 earnings at $10.60 EPS.

Get Wintrust Financial alerts:

Wintrust Financial (NASDAQ:WTFC – Get Rating) last posted its quarterly earnings data on Wednesday, July 20th. The bank reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.69 by ($0.20). Wintrust Financial had a net margin of 22.78% and a return on equity of 10.43%. The business had revenue of $440.75 million for the quarter, compared to analysts' expectations of $449.93 million. During the same quarter in the previous year, the firm earned $1.70 EPS.

A number of other research firms have also recently issued reports on WTFC. Truist Financial boosted their price objective on Wintrust Financial to $100.00 in a report on Monday, July 25th. Raymond James lowered their target price on Wintrust Financial from $130.00 to $111.00 and set a "strong-buy" rating for the company in a report on Wednesday, June 29th. Piper Sandler upped their target price on Wintrust Financial to $107.00 in a report on Friday, July 22nd. Jefferies Financial Group lowered their target price on Wintrust Financial from $109.00 to $96.00 in a report on Monday, July 11th. Finally, DA Davidson reiterated a "buy" rating on shares of Wintrust Financial in a report on Wednesday, July 27th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $105.29.

Wintrust Financial Price Performance

WTFC opened at $81.55 on Friday. The business has a fifty day moving average of $85.80 and a 200 day moving average of $86.27. Wintrust Financial has a 52-week low of $76.13 and a 52-week high of $105.56. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.54. The stock has a market cap of $4.95 billion, a P/E ratio of 11.80, a PEG ratio of 0.61 and a beta of 1.24.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Wintrust Financial by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 5,336,205 shares of the bank's stock worth $495,894,000 after acquiring an additional 36,563 shares in the last quarter. FMR LLC increased its position in Wintrust Financial by 12.6% during the 2nd quarter. FMR LLC now owns 3,463,337 shares of the bank's stock valued at $277,586,000 after buying an additional 388,206 shares in the last quarter. State Street Corp increased its position in Wintrust Financial by 8.7% during the 1st quarter. State Street Corp now owns 2,726,337 shares of the bank's stock valued at $253,358,000 after buying an additional 217,232 shares in the last quarter. Victory Capital Management Inc. increased its position in Wintrust Financial by 4.3% during the 2nd quarter. Victory Capital Management Inc. now owns 2,116,222 shares of the bank's stock valued at $169,615,000 after buying an additional 87,046 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Wintrust Financial by 3.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,639,790 shares of the bank's stock valued at $131,429,000 after buying an additional 61,466 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Wednesday, August 10th. Wintrust Financial's payout ratio is 19.68%.

About Wintrust Financial

(Get Rating)

Wintrust Financial Corporation operates as a financial holding company. 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), online and mobile banking, and other services.

Read More

  • Get a free copy of the StockNews.com research report on Wintrust Financial (WTFC)
  • EV Battery Maker Freyr Set For Major Global Expansion
  • MarketBeat: Week in Review 9/26 – 9/30
  • This Is A Memorable Time To Buy Into Micron Technology
  • How Does Keurig Dr Pepper Compare To Larger Rivals Coke & Pepsi?
  • Let Paychex Stock Work Hard For You

Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.com's FREE daily email newsletter.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.