Wintrust Financial Co. (WTFC) Expected to Post Quarterly Sales of $300.97 Million

Wall Street analysts forecast that Wintrust Financial Co. (NASDAQ:WTFC) will post $300.97 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Wintrust Financial’s earnings. The lowest sales estimate is $296.80 million and the highest is $308.00 million. Wintrust Financial reported sales of $261.35 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.2%. The company is expected to report its next quarterly earnings report on Monday, April 16th.

According to Zacks, analysts expect that Wintrust Financial will report full year sales of $1.28 billion for the current year, with estimates ranging from $1.24 billion to $1.30 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.37 billion per share, with estimates ranging from $1.34 billion to $1.40 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Wintrust Financial.

How to Become a New Pot Stock Millionaire

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, April 16th. The bank reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.13. The company had revenue of $310.76 million for the quarter, compared to analyst estimates of $302.62 million. Wintrust Financial had a return on equity of 9.49% and a net margin of 20.35%. The business’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.00 earnings per share.

A number of equities analysts have commented on the company. FIG Partners lowered Wintrust Financial from an “outperform” rating to a “market perform” rating in a research note on Monday, March 12th. BidaskClub raised Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. Piper Jaffray reissued a “hold” rating and issued a $91.00 price objective on shares of Wintrust Financial in a research note on Friday, April 6th. UBS started coverage on Wintrust Financial in a research note on Thursday, March 22nd. They set a “neutral” rating and a $93.00 price target on the stock. Finally, DA Davidson upped their price target on Wintrust Financial to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $91.10.

In other Wintrust Financial news, CFO David L. Stoehr sold 5,268 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.59, for a total value of $461,424.12. Following the transaction, the chief financial officer now owns 11,347 shares of the company’s stock, valued at $993,883.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David A. Dykstra sold 11,235 shares of the 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 completion of the transaction, the executive vice president now directly owns 39,365 shares in the company, valued at approximately $3,446,799.40. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 21 shares of company stock worth $1,170 and have sold 30,676 shares worth $2,687,566. Corporate insiders own 1.57% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in WTFC. Legal & General Group Plc lifted its stake in Wintrust Financial by 10.4% in the third quarter. Legal & General Group Plc now owns 65,617 shares of the bank’s stock valued at $5,141,000 after buying an additional 6,176 shares during the period. Magnetar Financial LLC acquired a new position in Wintrust Financial in the third quarter valued at about $204,000. Jane Street Group LLC acquired a new position in Wintrust Financial in the third quarter valued at about $260,000. California Public Employees Retirement System lifted its stake in Wintrust Financial by 2.3% in the third quarter. California Public Employees Retirement System now owns 119,823 shares of the bank’s stock valued at $9,383,000 after buying an additional 2,723 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Wintrust Financial in the third quarter valued at about $558,000. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial stock opened at $89.14 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $4,939.32, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 1.17 and a beta of 0.83. Wintrust Financial has a 52 week low of $64.14 and a 52 week high of $91.67.

TRADEMARK VIOLATION WARNING: This report was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/17/wintrust-financial-co-wtfc-expected-to-post-quarterly-sales-of-300-97-million.html.

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.

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

Earnings History and Estimates for Wintrust Financial (NASDAQ:WTFC)

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.

Leave a Reply