Equities analysts expect Wintrust Financial Corp (NASDAQ:WTFC) to report earnings per share (EPS) of $1.62 for the current quarter, according to Zacks. Six analysts have provided estimates for Wintrust Financial’s earnings, with estimates ranging from $1.61 to $1.64. Wintrust Financial posted earnings of $1.57 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.2%. The business is expected to report its next earnings report after the market closes on Wednesday, October 16th.
According to Zacks, analysts expect that Wintrust Financial will report full-year earnings of $6.10 per share for the current financial year, with EPS estimates ranging from $6.05 to $6.22. For the next fiscal year, analysts expect that the business will report earnings of $6.39 per share, with EPS estimates ranging from $5.95 to $6.73. Zacks’ EPS calculations are an average based on a survey of research firms that follow Wintrust Financial.
Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Monday, July 15th. The bank reported $1.38 EPS for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.27). The business had revenue of $364.36 million for the quarter, compared to the consensus estimate of $365.40 million. Wintrust Financial had a return on equity of 10.72% and a net margin of 20.60%. During the same quarter last year, the business posted $1.53 earnings per share.
A number of brokerages recently commented on WTFC. Piper Jaffray Companies set a $92.00 price target on Wintrust Financial and gave the stock a “buy” rating in a report on Monday, July 8th. Raymond James lowered Wintrust Financial from a “strong-buy” rating to an “outperform” rating in a report on Thursday, August 29th. ValuEngine upgraded Wintrust Financial from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Wedbush dropped their price target on Wintrust Financial from $84.00 to $78.00 and set an “outperform” rating on the stock in a report on Tuesday, July 16th. Finally, BidaskClub lowered Wintrust Financial from a “hold” rating to a “sell” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Wintrust Financial presently has an average rating of “Buy” and a consensus target price of $84.57.
In other news, Director Gary D. Sweeney bought 747 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was acquired at an average cost of $66.92 per share, with a total value of $49,989.24. Following the completion of the transaction, the director now directly owns 4,392 shares of the company’s stock, valued at approximately $293,912.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.58% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in WTFC. Martingale Asset Management L P purchased a new stake in Wintrust Financial in the first quarter worth $978,000. BlackRock Inc. increased its position in Wintrust Financial by 1.6% in the first quarter. BlackRock Inc. now owns 5,698,685 shares of the bank’s stock worth $383,690,000 after buying an additional 91,339 shares during the last quarter. Wells Fargo & Company MN increased its position in Wintrust Financial by 17.7% in the first quarter. Wells Fargo & Company MN now owns 541,289 shares of the bank’s stock worth $36,445,000 after buying an additional 81,476 shares during the last quarter. Swiss National Bank increased its position in Wintrust Financial by 3.1% in the first quarter. Swiss National Bank now owns 102,767 shares of the bank’s stock worth $6,919,000 after buying an additional 3,100 shares during the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new stake in Wintrust Financial in the first quarter worth $88,000. 88.16% of the stock is owned by institutional investors and hedge funds.
Wintrust Financial stock traded up $0.89 during mid-day trading on Thursday, reaching $62.07. 15,172 shares of the company’s stock were exchanged, compared to its average volume of 358,568. The business’s fifty day simple moving average is $63.65 and its 200 day simple moving average is $69.20. The firm has a market capitalization of $3.55 billion, a PE ratio of 10.58 and a beta of 1.08. Wintrust Financial has a one year low of $59.34 and a one year high of $88.12. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.51.
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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