Wedbush Expects Weaker Earnings for Wintrust Financial

Wintrust Financial Co. (NASDAQ:WTFC) – Equities research analysts at Wedbush reduced their FY2024 earnings estimates for shares of Wintrust Financial in a research report issued on Tuesday, October 22nd. Wedbush analyst D. Chiaverini now forecasts that the bank will earn $10.20 per share for the year, down from their prior forecast of $10.24. Wedbush currently has a “Outperform” rating and a $130.00 price objective on the stock. The consensus estimate for Wintrust Financial’s current full-year earnings is $10.11 per share. Wedbush also issued estimates for Wintrust Financial’s Q4 2024 earnings at $2.53 EPS, Q1 2025 earnings at $2.52 EPS, Q2 2025 earnings at $2.57 EPS, Q3 2025 earnings at $2.62 EPS, FY2025 earnings at $10.15 EPS and FY2026 earnings at $10.55 EPS.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.03). The firm had revenue of $615.73 million for the quarter, compared to analyst estimates of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.53 EPS.

Several other analysts have also issued reports on the stock. Citigroup increased their price target on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group reduced their price target on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Piper Sandler increased their price target on shares of Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday. Keefe, Bruyette & Woods downgraded shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $110.00 to $115.00 in a research note on Friday, July 19th. Finally, DA Davidson increased their price objective on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $123.00.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $114.33 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 11.97 and a beta of 1.16. The firm’s 50 day simple moving average is $107.17 and its 200 day simple moving average is $102.16. Wintrust Financial has a 1 year low of $71.86 and a 1 year high of $117.77.

Hedge Funds Weigh In On Wintrust Financial

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Wintrust Financial by 3.9% during the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock valued at $673,603,000 after acquiring an additional 244,168 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Wintrust Financial by 157.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 190,416 shares of the bank’s stock worth $19,878,000 after buying an additional 116,503 shares during the last quarter. Capital International Investors raised its stake in Wintrust Financial by 4.6% during the first quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock worth $171,000,000 after buying an additional 72,082 shares during the last quarter. Choreo LLC bought a new position in Wintrust Financial during the second quarter worth $1,115,000. Finally, Raymond James & Associates raised its stake in Wintrust Financial by 2.7% during the second quarter. Raymond James & Associates now owns 207,944 shares of the bank’s stock worth $20,495,000 after buying an additional 5,563 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Company Profile

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.