Brokerages expect that Wintrust Financial Corp (NASDAQ:WTFC) will report earnings of $1.14 per share for the current quarter, according to Zacks. Six analysts have provided estimates for Wintrust Financial’s earnings, with the lowest EPS estimate coming in at $1.12 and the highest estimate coming in at $1.16. Wintrust Financial reported earnings per share of $0.94 during the same quarter last year, which would suggest a positive year over year growth rate of 21.3%. The firm is scheduled to announce its next earnings results after the market closes on Monday, January 22nd.
According to Zacks, analysts expect that Wintrust Financial will report full-year earnings of $4.37 per share for the current fiscal year, with EPS estimates ranging from $4.35 to $4.40. For the next year, analysts expect that the business will post earnings of $5.47 per share, with EPS estimates ranging from $4.80 to $5.85. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Wintrust Financial.
WTFC has been the subject of a number of research reports. Royal Bank of Canada reissued a “buy” rating and set a $84.00 target price on shares of Wintrust Financial in a research note on Friday, October 20th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $90.00 target price on shares of Wintrust Financial in a research note on Thursday, December 14th. BidaskClub cut Wintrust Financial from a “buy” rating to a “hold” rating in a research note 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 note on Wednesday, December 27th. Finally, SunTrust Banks set a $79.00 target price on Wintrust Financial and gave the stock a “hold” rating in a research note on Thursday, October 19th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Wintrust Financial has an average rating of “Buy” and a consensus price target of $86.88.
In other Wintrust Financial news, Director Gary D. Sweeney purchased 338 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was bought at an average cost of $80.58 per share, with a total value of $27,236.04. Following the purchase, the director now directly owns 2,973 shares of the company’s stock, valued at $239,564.34. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP David A. Dykstra sold 22,476 shares of the firm’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 transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 44,500 shares of company stock valued at $3,563,512 over the last ninety days. Company insiders own 2.00% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Fox Run Management L.L.C. bought a new position in shares of Wintrust Financial in the fourth quarter valued at $320,000. Schwab Charles Investment Management Inc. grew its stake in shares of Wintrust Financial by 4.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 320,163 shares of the bank’s stock valued at $26,372,000 after buying an additional 14,387 shares in the last quarter. Sit Investment Associates Inc. grew its stake in shares of Wintrust Financial by 8.6% in the fourth quarter. Sit Investment Associates Inc. now owns 13,860 shares of the bank’s stock valued at $1,142,000 after buying an additional 1,095 shares in the last quarter. Atlantic Trust Group LLC bought a new position in shares of Wintrust Financial in the third quarter valued at $1,263,000. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Wintrust Financial by 192.9% in the third quarter. Public Employees Retirement System of Ohio now owns 27,341 shares of the bank’s stock valued at $2,141,000 after buying an additional 18,007 shares in the last quarter. 91.60% of the stock is owned by institutional investors.
Shares of Wintrust Financial (NASDAQ WTFC) opened at $87.81 on Friday. Wintrust Financial has a 52 week low of $64.14 and a 52 week high of $88.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.01. The stock has a market capitalization of $4,856.93, a P/E ratio of 21.06, a P/E/G ratio of 1.18 and a beta of 0.83.
ILLEGAL ACTIVITY WARNING: “Wintrust Financial Corp (WTFC) Expected to Announce Earnings of $1.14 Per Share” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/12/wintrust-financial-corp-wtfc-expected-to-announce-earnings-of-1-14-per-share.html.
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.
Get a free copy of the Zacks research report on Wintrust Financial (WTFC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.com's FREE daily email newsletter.