Wintrust Financial Corp. Expected to Earn FY2017 Earnings of $3.80 Per Share (WTFC)
Wintrust Financial Corp. (NASDAQ:WTFC) – Equities research analysts at Jefferies Group lifted their FY2017 EPS estimates for shares of Wintrust Financial Corp. in a report issued on Friday. Jefferies Group analyst E. Harmon now forecasts that the brokerage will post earnings per share of $3.80 for the year, up from their prior forecast of $3.75. Jefferies Group also issued estimates for Wintrust Financial Corp.’s FY2018 earnings at $4.10 EPS.
A number of other analysts have also issued reports on the company. Zacks Investment Research raised Wintrust Financial Corp. from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Tuesday, August 16th. Hovde Group started coverage on Wintrust Financial Corp. in a research report on Wednesday, August 24th. They set a “market perform” rating and a $59.00 target price on the stock. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $53.00 target price (up from $52.00) on shares of Wintrust Financial Corp. in a research report on Sunday, July 24th. Eight equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $53.10.
Wintrust Financial Corp. (NASDAQ:WTFC) traded down 0.04% during mid-day trading on Monday, reaching $56.25. The company’s stock had a trading volume of 7,869 shares. The firm has a market capitalization of $2.91 billion, a PE ratio of 17.95 and a beta of 0.86. Wintrust Financial Corp. has a 12 month low of $37.96 and a 12 month high of $56.68. The stock’s 50-day moving average is $55.18 and its 200-day moving average is $51.87.
Wintrust Financial Corp. (NASDAQ:WTFC) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.04. Wintrust Financial Corp. had a return on equity of 8.27% and a net margin of 16.55%. During the same quarter in the prior year, the firm posted $0.85 earnings per share.
In other Wintrust Financial Corp. news, insider Richard B. Murphy sold 1,293 shares of Wintrust Financial Corp. stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $52.71, for a total value of $68,154.03. Following the completion of the transaction, the insider now directly owns 28,445 shares in the company, valued at $1,499,335.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in shares of Wintrust Financial Corp. by 22.7% in the second quarter. BNP Paribas Arbitrage SA now owns 34,262 shares of the company’s stock worth $1,747,000 after buying an additional 6,344 shares during the last quarter. Phocas Financial Corp. acquired a new stake in Wintrust Financial Corp. during the first quarter worth $8,344,000. Royal Bank of Canada boosted its stake in Wintrust Financial Corp. by 453.9% in the first quarter. Royal Bank of Canada now owns 5,694 shares of the company’s stock worth $252,000 after buying an additional 4,666 shares during the period. Kennedy Capital Management Inc. boosted its stake in Wintrust Financial Corp. by 4.4% in the first quarter. Kennedy Capital Management Inc. now owns 244,880 shares of the company’s stock worth $10,858,000 after buying an additional 10,377 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Wintrust Financial Corp. by 0.7% in the first quarter. Geode Capital Management LLC now owns 415,601 shares of the company’s stock worth $18,427,000 after buying an additional 2,827 shares during the period. Institutional investors own 91.90% of the company’s stock.
About Wintrust Financial Corp.
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company provides community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries (the banks).
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