Wintrust Financial Corp (NASDAQ:WTFC) – Analysts at Wedbush issued their FY2019 earnings per share estimates for Wintrust Financial in a report issued on Thursday. Wedbush analyst D. Chiaverini forecasts that the bank will earn $6.30 per share for the year.
Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.04. The firm had revenue of $295.70 million for the quarter, compared to analysts’ expectations of $298.96 million. Wintrust Financial had a return on equity of 9.32% and a net margin of 19.74%. Wintrust Financial’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $0.92 EPS.
Several other equities analysts have also recently weighed in on WTFC. Royal Bank of Canada reaffirmed a “buy” rating and set a $84.00 target price on shares of Wintrust Financial in a research note on Friday, October 20th. Zacks Investment Research cut Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. BidaskClub cut Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $90.00 target price on shares of Wintrust Financial in a research note on Thursday, December 14th. Finally, ValuEngine raised Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $84.63.
Wintrust Financial (WTFC) opened at $83.29 on Friday. The firm has a market capitalization of $4,700.00, a PE ratio of 19.97, a P/E/G ratio of 1.25 and a beta of 0.83. Wintrust Financial has a 12 month low of $64.14 and a 12 month high of $86.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 0.99.
In related news, EVP David A. Dykstra sold 22,476 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $79.86, for a total value of $1,794,933.36. Following the completion of the sale, the executive vice president now owns 188,604 shares of the company’s stock, valued at approximately $15,061,915.44. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gary D. Sweeney purchased 338 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was purchased at an average cost of $80.58 per share, with a total value of $27,236.04. Following the purchase, the director now owns 2,973 shares in the company, valued at approximately $239,564.34. The disclosure for this purchase can be found here. In the last three months, insiders sold 44,500 shares of company stock valued at $3,563,512. 2.00% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Suntrust Banks Inc. grew its stake in shares of Wintrust Financial by 0.7% in the 2nd quarter. Suntrust Banks Inc. now owns 7,307 shares of the bank’s stock valued at $558,000 after buying an additional 49 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Wintrust Financial by 6.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,123 shares of the bank’s stock valued at $621,000 after buying an additional 471 shares in the last quarter. Symphony Asset Management LLC grew its stake in shares of Wintrust Financial by 3.9% in the 2nd quarter. Symphony Asset Management LLC now owns 13,037 shares of the bank’s stock valued at $997,000 after buying an additional 488 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Wintrust Financial by 0.9% in the 2nd quarter. Nordea Investment Management AB now owns 56,400 shares of the bank’s stock worth $4,311,000 after purchasing an additional 500 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in Wintrust Financial by 19.2% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 3,523 shares of the bank’s stock worth $269,000 after purchasing an additional 567 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.
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About Wintrust Financial
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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