Wintrust Financial Co. (NASDAQ:WTFC) – Equities researchers at FIG Partners raised their Q2 2018 earnings per share estimates for Wintrust Financial in a note issued to investors on Wednesday, April 18th. FIG Partners analyst J. Rodis now anticipates that the bank will earn $1.43 per share for the quarter, up from their previous forecast of $1.41. FIG Partners currently has a “Market Perform” rating on the stock. FIG Partners also issued estimates for Wintrust Financial’s Q3 2018 earnings at $1.50 EPS and FY2018 earnings at $5.87 EPS.
A number of other brokerages have also weighed in on WTFC. BidaskClub raised Wintrust Financial from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. UBS started coverage on Wintrust Financial in a report on Thursday, March 22nd. They set a “neutral” rating and a $93.00 price objective on the stock. Piper Jaffray reaffirmed a “hold” rating and set a $86.00 price objective on shares of Wintrust Financial in a report on Tuesday, January 9th. Zacks Investment Research downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Finally, SunTrust Banks reiterated a “hold” rating and set a $94.00 target price on shares of Wintrust Financial in a research report on Tuesday, January 9th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Wintrust Financial currently has a consensus rating of “Hold” and a consensus price target of $92.20.
Shares of WTFC stock opened at $88.91 on Thursday. Wintrust Financial has a 1-year low of $66.59 and a 1-year high of $92.00. The firm has a market cap of $5,014.71, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 1.18 and a beta of 0.83. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43.
Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, April 16th. The bank reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.12. Wintrust Financial had a return on equity of 10.11% and a net margin of 21.18%. The firm had revenue of $310.76 million for the quarter, compared to analyst estimates of $302.62 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. Wintrust Financial’s quarterly revenue was up 18.9% on a year-over-year basis.
In other Wintrust Financial news, CFO David L. Stoehr sold 5,268 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $87.59, for a total transaction of $461,424.12. Following the sale, the chief financial officer now directly owns 11,347 shares in the company, valued at $993,883.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Edward J. Wehmer sold 14,173 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $87.66, for a total value of $1,242,405.18. Following the sale, the insider now owns 134,864 shares in the company, valued at $11,822,178.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,676 shares of company stock worth $2,687,566. 1.57% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of WTFC. OppenheimerFunds Inc. lifted its position in shares of Wintrust Financial by 157.2% in the fourth quarter. OppenheimerFunds Inc. now owns 333,645 shares of the bank’s stock valued at $27,483,000 after acquiring an additional 203,909 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Wintrust Financial by 107.8% in the fourth quarter. Deutsche Bank AG now owns 323,008 shares of the bank’s stock valued at $26,603,000 after acquiring an additional 167,598 shares in the last quarter. BlackRock Inc. lifted its position in shares of Wintrust Financial by 2.2% in the fourth quarter. BlackRock Inc. now owns 6,850,597 shares of the bank’s stock valued at $564,282,000 after acquiring an additional 144,371 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Wintrust Financial by 96.0% in the fourth quarter. Alliancebernstein L.P. now owns 239,817 shares of the bank’s stock valued at $19,754,000 after acquiring an additional 117,460 shares in the last quarter. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Wintrust Financial in the fourth quarter valued at $4,940,000. Institutional investors and hedge funds own 90.94% of the company’s stock.
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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