Equities research analysts expect Wintrust Financial Corporation (NASDAQ:WTFC) to report sales of $298.07 million for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Wintrust Financial Corporation’s earnings, with the highest sales estimate coming in at $300.60 million and the lowest estimate coming in at $294.40 million. Wintrust Financial Corporation posted sales of $276.05 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8%. The business is expected to announce its next earnings results on Wednesday, January 17th.
According to Zacks, analysts expect that Wintrust Financial Corporation will report full year sales of $298.07 million for the current year, with estimates ranging from $1.14 billion to $1.16 billion. For the next financial year, analysts expect that the company will post sales of $1.25 billion per share, with estimates ranging from $1.23 billion to $1.26 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Wintrust Financial Corporation.
Wintrust Financial Corporation (NASDAQ:WTFC) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.04. Wintrust Financial Corporation had a return on equity of 9.32% and a net margin of 19.74%. The firm had revenue of $295.70 million for the quarter, compared to analyst estimates of $298.96 million. During the same period last year, the company earned $0.92 EPS. The business’s quarterly revenue was up 9.0% compared to the same quarter last year.
WTFC has been the topic of a number of research analyst reports. Zacks Investment Research lowered Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Jefferies Group LLC reissued a “hold” rating and issued a $80.00 price target on shares of Wintrust Financial Corporation in a research note on Friday, July 14th. Stephens lowered Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 10th. BidaskClub lowered Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $74.00 price target on shares of Wintrust Financial Corporation in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $81.38.
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Wintrust Financial Corporation (WTFC) traded up 1.14% on Tuesday, hitting $81.40. The stock had a trading volume of 233,577 shares. The company has a market capitalization of $4.54 billion, a PE ratio of 20.53 and a beta of 0.83. Wintrust Financial Corporation has a 12-month low of $51.66 and a 12-month high of $81.46. The company has a 50 day moving average of $75.80 and a 200 day moving average of $73.89.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Thursday, November 9th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Wednesday, November 8th. Wintrust Financial Corporation’s dividend payout ratio is currently 13.43%.
In other news, insider Leona A. Gleason sold 8,441 shares of Wintrust Financial Corporation stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $80.78, for a total value of $681,863.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gary D. Sweeney acquired 338 shares of Wintrust Financial Corporation stock in a transaction dated Tuesday, October 24th. The stock was purchased at an average cost of $80.58 per share, for a total transaction of $27,236.04. Following the completion of the purchase, the director now directly owns 2,973 shares in the company, valued at $239,564.34. The disclosure for this purchase can be found here. Insiders sold a total of 43,095 shares of company stock worth $3,450,227 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new position in shares of Wintrust Financial Corporation in the 2nd quarter valued at about $121,000. Exane Derivatives acquired a new position in shares of Wintrust Financial Corporation in the 2nd quarter valued at about $128,000. Meeder Asset Management Inc. acquired a new position in shares of Wintrust Financial Corporation in the 3rd quarter valued at about $183,000. Oppenheimer & Co. Inc. lifted its stake in shares of Wintrust Financial Corporation by 3.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 2,956 shares of the bank’s stock valued at $204,000 after purchasing an additional 96 shares in the last quarter. Finally, Adviser Investments LLC acquired a new position in shares of Wintrust Financial Corporation in the 3rd quarter valued at about $214,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.
About Wintrust Financial Corporation
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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