FY2016 Earnings Forecast for Wintrust Financial Corp. (WTFC) Issued By Jefferies Group
Wintrust Financial Corp. (NASDAQ:WTFC) – Equities researchers at Jefferies Group raised their FY2016 earnings estimates for Wintrust Financial Corp. in a report released on Tuesday. Jefferies Group analyst E. Harmon now expects that the brokerage will post earnings per share of $3.64 for the year, up from their previous forecast of $3.58. Jefferies Group also issued estimates for Wintrust Financial Corp.’s Q4 2016 earnings at $0.93 EPS.
Wintrust Financial Corp. (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $0.90 earnings per share for the quarter, beating the 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 last year, the business earned $0.85 earnings per share.
WTFC has been the subject of several other reports. Zacks Investment Research lowered shares of Wintrust Financial Corp. from a “buy” rating to a “hold” rating in a report on Wednesday. Piper Jaffray Cos. reiterated a “neutral” rating and set a $53.00 target price (up from $52.00) on shares of Wintrust Financial Corp. in a report on Sunday, July 24th. Finally, Hovde Group assumed coverage on shares of Wintrust Financial Corp. in a report on Wednesday, August 24th. They set a “market perform” rating and a $59.00 target price for the company. Nine analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $53.10.
Shares of Wintrust Financial Corp. (NASDAQ:WTFC) traded up 0.195% during trading on Friday, reaching $54.085. The company’s stock had a trading volume of 113,813 shares. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 17.263 and a beta of 0.86. Wintrust Financial Corp. has a one year low of $37.96 and a one year high of $56.68. The firm’s 50-day moving average price is $55.24 and its 200-day moving average price is $51.94.
A number of large investors have recently bought and sold shares of WTFC. PNC Financial Services Group Inc. increased its stake in Wintrust Financial Corp. by 3.3% in the second quarter. PNC Financial Services Group Inc. now owns 3,585 shares of the company’s stock worth $183,000 after buying an additional 116 shares during the period. Nisa Investment Advisors LLC increased its stake in Wintrust Financial Corp. by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 51,550 shares of the company’s stock worth $2,629,000 after buying an additional 150 shares during the period. PineBridge Investments L.P. increased its stake in Wintrust Financial Corp. by 4.1% in the second quarter. PineBridge Investments L.P. now owns 6,159 shares of the company’s stock worth $314,000 after buying an additional 241 shares during the period. Eagle Asset Management Inc. increased its stake in Wintrust Financial Corp. by 0.8% in the second quarter. Eagle Asset Management Inc. now owns 29,713 shares of the company’s stock worth $1,515,000 after buying an additional 248 shares during the period. Finally, CIBC Asset Management Inc increased its stake in Wintrust Financial Corp. by 6.2% in the second quarter. CIBC Asset Management Inc now owns 6,313 shares of the company’s stock worth $322,000 after buying an additional 369 shares during the period. 91.90% of the stock is owned by institutional investors and hedge funds.
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 shares were sold at an average price of $52.71, for a total value of $68,154.03. Following the completion of the sale, the insider now owns 28,445 shares of the company’s stock, valued at approximately $1,499,335.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.
Wintrust Financial Corp. Company Profile
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).
Receive News & Stock Ratings for Wintrust Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial Corp. and related stocks with our FREE daily email newsletter.