Brokerages expect Wintrust Financial Co. (NASDAQ:WTFC) to post $299.83 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Wintrust Financial’s earnings, with estimates ranging from $296.80 million to $304.00 million. Wintrust Financial posted sales of $261.35 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14.7%. The firm is expected to announce its next quarterly earnings results on Tuesday, April 17th.
On average, analysts expect that Wintrust Financial will report full-year sales of $299.83 million for the current year, with estimates ranging from $1.24 billion to $1.28 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.37 billion per share, with estimates ranging from $1.34 billion to $1.38 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Wintrust Financial.
Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.04. The company had revenue of $300.14 million during the quarter, compared to analysts’ expectations of $299.47 million. Wintrust Financial had a return on equity of 9.49% and a net margin of 20.35%. Wintrust Financial’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share.
A number of research firms recently commented on WTFC. FIG Partners cut Wintrust Financial from an “outperform” rating to a “market perform” rating in a research report on Monday, March 12th. BidaskClub upgraded Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Friday, March 9th. ValuEngine upgraded Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $100.00 price target on shares of Wintrust Financial in a research report on Tuesday, February 27th. Finally, Zacks Investment Research cut Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $89.78.
In related news, EVP David A. Dykstra sold 11,235 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.56, for a total transaction of $983,736.60. Following the completion of the sale, the executive vice president now owns 39,365 shares in the company, valued at $3,446,799.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward J. Wehmer sold 14,173 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.66, for a total value of $1,242,405.18. Following the sale, the insider now owns 134,864 shares of the company’s stock, valued at approximately $11,822,178.24. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 152 shares of company stock valued at $10,629 and sold 30,676 shares valued at $2,687,566. Corporate insiders own 1.97% of the company’s stock.
Several large investors have recently added to or reduced their stakes in WTFC. JPMorgan Chase & Co. grew its position in shares of Wintrust Financial by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 1,637,332 shares of the bank’s stock worth $127,646,000 after purchasing an additional 257,613 shares in the last quarter. OppenheimerFunds Inc. grew its position in shares of Wintrust Financial by 157.2% during the fourth quarter. OppenheimerFunds Inc. now owns 333,645 shares of the bank’s stock worth $27,483,000 after purchasing an additional 203,909 shares in the last quarter. Deutsche Bank AG grew its position in shares of Wintrust Financial by 107.8% during the fourth quarter. Deutsche Bank AG now owns 323,008 shares of the bank’s stock worth $26,603,000 after purchasing an additional 167,598 shares in the last quarter. BlackRock Inc. grew its position in shares of Wintrust Financial by 2.2% during the fourth quarter. BlackRock Inc. now owns 6,850,597 shares of the bank’s stock worth $564,282,000 after purchasing an additional 144,371 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Wintrust Financial by 96.0% during the fourth quarter. Alliancebernstein L.P. now owns 239,817 shares of the bank’s stock worth $19,754,000 after purchasing an additional 117,460 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.
Wintrust Financial (WTFC) traded down $1.89 during trading on Wednesday, reaching $89.42. The company had a trading volume of 468,587 shares, compared to its average volume of 359,451. The stock has a market capitalization of $5,133.68, a PE ratio of 20.32, a PEG ratio of 1.23 and a beta of 0.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.01. Wintrust Financial has a 12 month low of $64.14 and a 12 month high of $91.67.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were given a $0.19 dividend. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $0.76 dividend on an annualized basis and a yield of 0.85%. Wintrust Financial’s dividend payout ratio is presently 17.27%.
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About Wintrust Financial
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), Internet banking, and other services.
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