Wintrust Financial Corporation (NASDAQ:WTFC) banking and financial services provider, is expected to report third quarter earnings results, after market close, on Wednesday 21st October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.15 per share.
Looking ahead, the full year income are expected at $ 3.65 per share on the revenues of $ 1615.21 million.
Previous Quarter Performance
Wintrust Financial Corporation reported income for the second quarter of $ 0.34 per share, from the revenue of $ 425.12 million. The quarterly earnings reduced 75.36 percent while revenues escalated 16.68 percent compared with the same quarter last year.
Wall street analysts are predicting, WTFC to report 2Q20 income of $ 0.73 per share from revenue of $ 376.39 million. The bottom line results missed street analysts by $ 0.39 or 53.42 percent, at the same time, top line results outshined analysts by $ 48.73 million or 12.95 percent.
Stock Performance
Shares of Wintrust Financial Corporation traded up $ 1.26 or 2.65 percent on Tuesday, reaching $ 48.78 with volume of 305.50 thousand shares. Wintrust Financial Corporation has traded high as $ 49.57 and has cracked $ 48.32 on the downward trend
The closing price of $ 48.78, representing a 115.80 % increase from the 52 week low of $ 22.02 and a 33.95 % decrease over the 52 week high of $ 71.95.
The company has a market capital of $ 2.80 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.28 per share on July 23, 2020. The dividend were payable on August 20, 2020 to holders of record as of the close of business on August 6, 2020 and ex-dividend date on August 5, 2020.
Conference Call
Wintrust Financial Corporation will be hosting a conference call at 2:00 PM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.wintrust.com
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.
