Wintrust Financial (NASDAQ:WTFC) posted its quarterly earnings results on Wednesday. The bank reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03, Briefing.com reports. Wintrust Financial had a net margin of 22.07% and a return on equity of 10.62%. The company had revenue of $347.49 million during the quarter, compared to analyst estimates of $342.18 million. During the same period in the prior year, the business posted $1.12 EPS. The firm’s revenue was up 17.5% compared to the same quarter last year.
Shares of Wintrust Financial stock opened at $83.82 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 19.05, a P/E/G ratio of 1.05 and a beta of 0.80. Wintrust Financial has a 12-month low of $76.00 and a 12-month high of $99.96.
In other news, insider Edward J. Wehmer sold 12,301 shares of the company’s stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $91.12, for a total value of $1,120,867.12. Following the sale, the insider now directly owns 133,308 shares of the company’s stock, valued at approximately $12,147,024.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy Crane sold 954 shares of the company’s stock in a transaction dated Friday, July 20th. The stock was sold at an average price of $90.96, for a total transaction of $86,775.84. Following the completion of the sale, the insider now directly owns 17,272 shares in the company, valued at $1,571,061.12. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by insiders.
About Wintrust Financial
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.
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