Wintrust Financial Corporation (WTFC) To Go Ex-Dividend on August 6th

Wintrust Financial Corporation (NASDAQ:WTFC) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Thursday, August 6th will be given a dividend of 0.55 per share by the bank on Thursday, August 20th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 6th.

Wintrust Financial has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 12 years. Wintrust Financial has a payout ratio of 19.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Wintrust Financial to earn $13.71 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 16.0%.

Wintrust Financial Price Performance

Shares of WTFC stock opened at $161.76 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. Wintrust Financial has a twelve month low of $119.61 and a twelve month high of $167.21. The company has a market cap of $10.91 billion, a P/E ratio of 12.99 and a beta of 0.85. The business has a fifty day simple moving average of $157.80 and a 200 day simple moving average of $150.13.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.15. The business had revenue of $738.63 million for the quarter, compared to analyst estimates of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.Wintrust Financial’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $2.78 earnings per share. On average, sell-side analysts forecast that Wintrust Financial will post 13.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WTFC shares. Brean Capital lowered shares of Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 target price on the stock. in a research report on Tuesday, July 21st. Truist Financial upped their price objective on shares of Wintrust Financial from $170.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, July 10th. UBS Group reiterated a “neutral” rating and set a $170.00 price objective on shares of Wintrust Financial in a research report on Tuesday, July 7th. Citigroup downgraded shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wintrust Financial in a report on Monday, June 29th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $177.77.

About Wintrust Financial

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.