Wintrust Financial Corporation (WTFC) to Issue Quarterly Dividend of $0.50 on November 20th

Wintrust Financial Corporation (NASDAQ:WTFC) announced a quarterly dividend on Thursday, October 23rd. Stockholders of record on Thursday, November 6th will be given a dividend of 0.50 per share by the bank on Thursday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, November 6th.

Wintrust Financial has a payout ratio of 17.8% 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 $2.00 annual dividend with an expected future payout ratio of 18.4%.

Wintrust Financial Price Performance

NASDAQ WTFC opened at $129.04 on Friday. The company has a 50 day simple moving average of $132.48 and a 200-day simple moving average of $124.62. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 11.86 and a beta of 0.83. Wintrust Financial has a 52-week low of $89.10 and a 52-week high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, October 20th. The bank reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.43. The business had revenue of $697.84 million during the quarter, compared to analyst estimates of $689.10 million. Wintrust Financial had a net margin of 18.85% and a return on equity of 13.05%. During the same period in the prior year, the firm earned $2.47 earnings per share. Equities research analysts predict that Wintrust Financial will post 10.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on WTFC shares. Piper Sandler reissued an “overweight” rating and issued a $161.00 price target (up from $160.00) on shares of Wintrust Financial in a research report on Wednesday. Raymond James Financial reissued a “strong-buy” rating and issued a $157.00 price target (up from $155.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. Wall Street Zen upgraded Wintrust Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Royal Bank Of Canada increased their price objective on Wintrust Financial from $137.00 to $158.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Finally, Truist Financial increased their price objective on Wintrust Financial from $151.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $152.92.

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.