Wintrust Financial Corp (NASDAQ:WTFC) – Research analysts at SunTrust Banks increased their FY2017 earnings estimates for Wintrust Financial in a research note issued on Monday. SunTrust Banks analyst M. Young now forecasts that the bank will earn $4.38 per share for the year, up from their previous forecast of $4.37. SunTrust Banks currently has a “Hold” rating and a $94.00 target price on the stock. SunTrust Banks also issued estimates for Wintrust Financial’s Q4 2017 earnings at $1.15 EPS.
A number of other analysts also recently weighed in on WTFC. Zacks Investment Research upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Saturday, January 6th. Piper Jaffray Companies reiterated a “hold” rating and issued a $86.00 price target on shares of Wintrust Financial in a research report on Tuesday. ValuEngine upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. BidaskClub downgraded shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Wintrust Financial in a research report on Tuesday, September 26th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $86.88.
Shares of Wintrust Financial (NASDAQ:WTFC) opened at $86.60 on Tuesday. The firm has a market cap of $4,800.00, a P/E ratio of 20.77, a P/E/G ratio of 1.23 and a beta of 0.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 0.99. Wintrust Financial has a 52-week low of $64.14 and a 52-week high of $87.44.
Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.04. The business had revenue of $295.70 million for the quarter, compared to the consensus estimate of $298.96 million. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. Wintrust Financial’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the company posted $0.92 EPS.
Several institutional investors and hedge funds have recently modified their holdings of WTFC. Janus Henderson Group PLC bought a new position in shares of Wintrust Financial during the 2nd quarter worth approximately $63,086,000. BlackRock Inc. grew its stake in shares of Wintrust Financial by 6.3% during the 2nd quarter. BlackRock Inc. now owns 6,492,888 shares of the bank’s stock worth $496,316,000 after acquiring an additional 382,791 shares in the last quarter. Northern Trust Corp grew its stake in shares of Wintrust Financial by 33.2% during the 2nd quarter. Northern Trust Corp now owns 1,403,270 shares of the bank’s stock worth $107,265,000 after acquiring an additional 349,965 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Wintrust Financial by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock worth $350,607,000 after acquiring an additional 327,529 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Wintrust Financial by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,637,332 shares of the bank’s stock worth $127,646,000 after acquiring an additional 257,613 shares in the last quarter. 91.60% of the stock is owned by institutional investors.
In other news, EVP David A. Dykstra sold 22,476 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $79.86, for a total transaction of $1,794,933.36. Following the completion of the transaction, the executive vice president now directly 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary D. Sweeney purchased 338 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were acquired at an average cost of $80.58 per share, with a total value 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 have sold a total of 44,500 shares of company stock worth $3,563,512 over the last 90 days. Corporate insiders own 1.97% of the company’s stock.
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Wintrust Financial Company Profile
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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