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.
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.
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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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