Wintrust Financial Corp (NASDAQ:WTFC) – SunTrust Banks increased their FY2017 earnings estimates for shares of Wintrust Financial in a note issued to investors on Monday, according to Zacks Investment Research. SunTrust Banks analyst M. Young now anticipates that the bank will post earnings per share of $4.38 for the year, up from their previous estimate of $4.37. SunTrust Banks has a “Hold” rating and a $94.00 price objective on the stock. SunTrust Banks also issued estimates for Wintrust Financial’s Q4 2017 earnings at $1.15 EPS.
Other analysts have also recently issued reports about the company. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Wintrust Financial in a report on Tuesday, September 26th. Zacks Investment Research upgraded Wintrust Financial from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Wednesday, September 20th. Royal Bank of Canada reiterated a “buy” rating and issued a $84.00 target price on shares of Wintrust Financial in a report on Friday, October 20th. ValuEngine upgraded Wintrust Financial from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, BidaskClub upgraded Wintrust Financial from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Wintrust Financial has an average rating of “Buy” and a consensus price target of $86.88.
Shares of Wintrust Financial (NASDAQ WTFC) opened at $87.71 on Tuesday. Wintrust Financial has a twelve month low of $64.14 and a twelve month high of $88.54. The company has a market capitalization of $4,880.42, a P/E ratio of 21.03, a P/E/G ratio of 1.18 and a beta of 0.83. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.40.
Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The company 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%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 earnings per share.
In other Wintrust Financial 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 transaction, the executive vice president now directly owns 188,604 shares of the company’s stock, valued at $15,061,915.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Leona A. Gleason sold 8,441 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $80.78, for a total value of $681,863.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,500 shares of company stock worth $3,563,512. Insiders own 2.00% of the company’s stock.
Several large investors have recently modified their holdings of WTFC. Advisors Asset Management Inc. acquired a new position in shares of Wintrust Financial during the second quarter worth approximately $121,000. Meeder Asset Management Inc. acquired a new position in shares of Wintrust Financial during the third quarter worth approximately $183,000. Magnetar Financial LLC acquired a new position in shares of Wintrust Financial during the third quarter worth approximately $204,000. Csenge Advisory Group acquired a new position in shares of Wintrust Financial during the third quarter worth approximately $212,000. Finally, Adviser Investments LLC acquired a new position in shares of Wintrust Financial during the third quarter worth approximately $214,000. 91.60% of the stock is currently owned by institutional investors.
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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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