Wintrust Financial (NASDAQ:WTFC – Get Free Report) issued its earnings results on Monday. The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.03), Briefing.com reports. The business had revenue of $615.73 million for the quarter, compared to analysts’ expectations of $623.45 million. Wintrust Financial had a net margin of 17.02% and a return on equity of 12.71%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.53 earnings per share.
Wintrust Financial Stock Performance
WTFC traded down $0.43 during midday trading on Wednesday, reaching $114.33. The company had a trading volume of 517,754 shares, compared to its average volume of 384,474. The business has a 50-day moving average of $106.84 and a two-hundred day moving average of $102.07. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.85. Wintrust Financial has a 1 year low of $71.86 and a 1 year high of $117.77. The company has a market cap of $7.06 billion, a P/E ratio of 11.77 and a beta of 1.16.
Wintrust Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Thursday, August 8th. Wintrust Financial’s dividend payout ratio is presently 18.61%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on Wintrust Financial
About Wintrust Financial
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.
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