Wintrust Financial Corporation (WTFC) To Go Ex-Dividend on February 5th

Wintrust Financial Corporation (NASDAQ:WTFC) announced a quarterly dividend on Thursday, January 22nd. Stockholders of record on Thursday, February 5th will be given a dividend of 0.55 per share by the bank on Thursday, February 19th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, February 5th. This is a 10.0% increase from Wintrust Financial’s previous quarterly dividend of $0.50.

Wintrust Financial has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 12 consecutive years. Wintrust Financial has a payout ratio of 19.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Wintrust Financial to earn $10.87 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 20.2%.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $149.71 on Tuesday. The company has a market cap of $10.03 billion, a P/E ratio of 13.13 and a beta of 0.88. Wintrust Financial has a twelve month low of $89.10 and a twelve month high of $155.99. The company’s 50-day moving average price is $142.57 and its 200-day moving average price is $134.96. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.66.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Tuesday, January 20th. The bank reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. The company had revenue of $586.67 million during the quarter, compared to the consensus estimate of $700.85 million. Wintrust Financial had a net margin of 19.48% and a return on equity of 12.95%. During the same quarter in the prior year, the firm earned $2.63 EPS. On average, sell-side analysts forecast that Wintrust Financial will post 10.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WTFC. TD Cowen boosted their price objective on Wintrust Financial from $170.00 to $177.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Stephens boosted their target price on shares of Wintrust Financial from $158.00 to $162.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday, January 21st. Royal Bank Of Canada upped their price objective on Wintrust Financial from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Finally, DA Davidson raised their target price on Wintrust Financial from $165.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Wintrust Financial currently has an average rating of “Moderate Buy” and an average target price of $164.42.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.