Wintrust Financial Co. (NASDAQ:WTFC) – Equities research analysts at Jefferies Group lifted their FY2018 earnings per share estimates for Wintrust Financial in a research note issued to investors on Wednesday, April 4th. Jefferies Group analyst C. Haire now anticipates that the bank will earn $5.65 per share for the year, up from their prior forecast of $5.50.
Other analysts have also recently issued reports about the company. Keefe, Bruyette & Woods restated a “buy” rating and issued a $90.00 target price on shares of Wintrust Financial in a report on Thursday, December 14th. ValuEngine upgraded Wintrust Financial from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded Wintrust Financial from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Wednesday, December 27th. BidaskClub upgraded Wintrust Financial from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Finally, SunTrust Banks restated a “hold” rating and issued a $94.00 target price on shares of Wintrust Financial in a report on Tuesday, January 9th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $90.90.
Shares of NASDAQ:WTFC opened at $85.99 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.99. The firm has a market capitalization of $4,988.62, a price-to-earnings ratio of 19.54, a P/E/G ratio of 1.18 and a beta of 0.83. Wintrust Financial has a 52-week low of $64.14 and a 52-week high of $91.67.
Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, January 22nd. The bank reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.94 EPS.
Several institutional investors have recently made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its stake in shares of Wintrust Financial by 18.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 4,377 shares of the bank’s stock valued at $361,000 after purchasing an additional 669 shares during the last quarter. Aperio Group LLC lifted its stake in shares of Wintrust Financial by 8.0% in the 4th quarter. Aperio Group LLC now owns 10,383 shares of the bank’s stock valued at $855,000 after purchasing an additional 770 shares during the last quarter. Wayne Hummer Investments L.L.C. lifted its stake in shares of Wintrust Financial by 26.9% in the 4th quarter. Wayne Hummer Investments L.L.C. now owns 3,813 shares of the bank’s stock valued at $314,000 after purchasing an additional 808 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Wintrust Financial by 23.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,678 shares of the bank’s stock worth $385,000 after acquiring an additional 897 shares in the last quarter. Finally, Sit Investment Associates Inc. lifted its stake in Wintrust Financial by 8.6% during the 4th quarter. Sit Investment Associates Inc. now owns 13,860 shares of the bank’s stock worth $1,142,000 after acquiring an additional 1,095 shares in the last quarter. 90.99% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP David A. Dykstra sold 11,235 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $87.56, for a total value of $983,736.60. Following the transaction, the executive vice president now owns 39,365 shares of the company’s stock, valued at approximately $3,446,799.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Edward J. Wehmer sold 14,173 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $87.66, for a total value of $1,242,405.18. Following the completion of the transaction, the insider now directly owns 134,864 shares in the company, valued at approximately $11,822,178.24. The disclosure for this sale can be found here. In the last ninety days, insiders bought 21 shares of company stock worth $1,170 and sold 30,676 shares worth $2,687,566. Corporate insiders own 2.00% of the company’s stock.
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Wintrust Financial Company Profile
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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