Wintrust Financial Co. (NASDAQ:WTFC) – Stock analysts at Jefferies Group lifted their Q2 2018 earnings estimates for shares of Wintrust Financial in a research note issued to investors on Thursday, April 19th. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings of $1.50 per share for the quarter, up from their previous estimate of $1.42. Jefferies Group also issued estimates for Wintrust Financial’s Q3 2018 earnings at $1.54 EPS, Q4 2018 earnings at $1.53 EPS, FY2018 earnings at $5.96 EPS and FY2019 earnings at $6.45 EPS.
Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, April 16th. The bank reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.12. The firm 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 10.00% and a net margin of 21.18%. Wintrust Financial’s revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.00 earnings per share.
WTFC has been the topic of a number of other reports. ValuEngine raised Wintrust Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Saturday, March 31st. BidaskClub upgraded Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Friday, March 9th. Piper Jaffray reiterated a “hold” rating and issued a $86.00 price target on shares of Wintrust Financial in a research report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $100.00 price target on shares of Wintrust Financial in a research report on Tuesday, February 27th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $92.20.
NASDAQ:WTFC opened at $91.00 on Friday. The stock has a market cap of $5,001.77, a P/E ratio of 20.68, a PEG ratio of 1.15 and a beta of 0.83. Wintrust Financial has a 52-week low of $67.74 and a 52-week high of $92.00. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53.
In related news, EVP David A. Dykstra sold 11,235 shares of the 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 completion of the transaction, the executive vice president now owns 39,365 shares in the company, valued at approximately $3,446,799.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward J. Wehmer sold 14,173 shares of the 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 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. Insiders sold a total of 30,676 shares of company stock valued at $2,687,566 in the last quarter. 1.57% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Cerebellum GP LLC acquired a new stake in Wintrust Financial during the 4th quarter worth about $126,000. Trust Co. of Toledo NA OH acquired a new stake in Wintrust Financial during the 4th quarter worth about $200,000. Brown Advisory Inc. acquired a new stake in Wintrust Financial during the 4th quarter worth about $213,000. Castleark Management LLC acquired a new stake in Wintrust Financial during the 4th quarter worth about $231,000. Finally, Exane Derivatives boosted its position in Wintrust Financial by 79.2% during the 4th quarter. Exane Derivatives now owns 2,971 shares of the bank’s stock worth $245,000 after acquiring an additional 1,313 shares during the period. Hedge funds and other institutional investors own 90.94% of the company’s stock.
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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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