Wintrust Financial Corp (NASDAQ:WTFC) – Stock analysts at Jefferies Group increased their FY2018 earnings per share (EPS) estimates for Wintrust Financial in a note issued to investors on Monday, Zacks Investment Research reports. Jefferies Group analyst C. Haire now forecasts that the bank will post earnings of $5.65 per share for the year, up from their prior forecast of $4.85. Jefferies Group also issued estimates for Wintrust Financial’s FY2019 earnings at $6.10 EPS.
Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, January 22nd. The bank reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.04. Wintrust Financial had a return on equity of 9.49% and a net margin of 20.35%. The firm had revenue of $300.14 million during the quarter, compared to analyst estimates of $299.47 million. During the same period last year, the firm posted $0.94 EPS. The business’s revenue was up 8.7% compared to the same quarter last year.
WTFC has been the subject of several other reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $84.00 target price on shares of Wintrust Financial in a research report on Friday, October 20th. BidaskClub lowered Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Wednesday, December 27th. DA Davidson raised their target price on Wintrust Financial to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $90.00 price target on shares of Wintrust Financial in a research note on Thursday, December 14th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Wintrust Financial presently has an average rating of “Hold” and a consensus price target of $87.56.
Shares of Wintrust Financial (WTFC) opened at $86.66 on Wednesday. Wintrust Financial has a 12-month low of $64.14 and a 12-month high of $89.34. The stock has a market capitalization of $4,853.86, a price-to-earnings ratio of 19.70, a PEG ratio of 1.16 and a beta of 0.85. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.01.
Several hedge funds and other institutional investors have recently made changes to their positions in WTFC. Cerebellum GP LLC purchased a new position in shares of Wintrust Financial during the 4th quarter valued at about $126,000. Meeder Asset Management Inc. purchased a new position in shares of Wintrust Financial during the 3rd quarter valued at about $183,000. Magnetar Financial LLC purchased a new position in Wintrust Financial in the 3rd quarter worth approximately $204,000. Csenge Advisory Group purchased a new position in Wintrust Financial in the 3rd quarter worth approximately $212,000. Finally, Adviser Investments LLC purchased a new position in Wintrust Financial in the 3rd quarter worth approximately $214,000. 91.22% of the stock is currently owned by institutional investors.
In related news, CFO David L. Stoehr sold 5,268 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.59, for a total transaction of $461,424.12. Following the transaction, the chief financial officer now directly owns 11,347 shares of the company’s stock, valued at approximately $993,883.73. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David A. Dykstra sold 11,235 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.56, for a total value of $983,736.60. Following the transaction, the executive vice president now directly owns 39,365 shares in the company, valued at $3,446,799.40. The disclosure for this sale can be found here. Insiders have sold a total of 30,676 shares of company stock valued at $2,687,566 in the last quarter. 2.00% of the stock is owned by corporate insiders.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be paid a dividend of $0.19 per share. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $0.76 annualized dividend and a dividend yield of 0.88%. Wintrust Financial’s dividend payout ratio is presently 12.73%.
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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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