Wintrust Financial Corp. (WTFC) Expected to Earn Q1 2017 Earnings of $0.86 Per Share
Wintrust Financial Corp. (NASDAQ:WTFC) – Equities researchers at Jefferies Group issued their Q1 2017 EPS estimates for Wintrust Financial Corp. in a research report issued on Tuesday. Jefferies Group analyst E. Harmon forecasts that the brokerage will post earnings of $0.86 per share for the quarter. Jefferies Group also issued estimates for Wintrust Financial Corp.’s Q2 2017 earnings at $0.93 EPS, Q3 2017 earnings at $0.98 EPS and Q4 2017 earnings at $1.04 EPS.
Wintrust Financial Corp. (NASDAQ:WTFC) last issued its earnings results on Tuesday, July 19th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. Wintrust Financial Corp. had a net margin of 16.55% and a return on equity of 8.27%. During the same quarter in the prior year, the company earned $0.85 earnings per share.
Other analysts have also issued research reports about the stock. Hovde Group began coverage on shares of 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. Zacks Investment Research lowered shares of Wintrust Financial Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Finally, Piper Jaffray Cos. restated a “neutral” rating and set a $53.00 target price (up previously from $52.00) on shares of Wintrust Financial Corp. in a research report on Sunday, July 24th. Nine research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $53.10.
Wintrust Financial Corp. (NASDAQ:WTFC) opened at 54.17 on Thursday. The firm has a market cap of $2.80 billion, a P/E ratio of 17.29 and a beta of 0.86. The company’s 50 day moving average is $55.21 and its 200-day moving average is $52.01. Wintrust Financial Corp. has a 52 week low of $37.96 and a 52 week high of $56.68.
Institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in Wintrust Financial Corp. by 77.5% in the second quarter. Victory Capital Management Inc. now owns 2,277 shares of the company’s stock worth $116,000 after buying an additional 994 shares in the last quarter. First Mercantile Trust Co. acquired a new position in shares of Wintrust Financial Corp. during the third quarter worth approximately $167,000. PNC Financial Services Group Inc. increased its position in shares of 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 in the last quarter. Commonwealth Equity Services Inc acquired a new position in shares of Wintrust Financial Corp. during the second quarter worth approximately $200,000. Finally, Shelton Capital Management acquired a new position in shares of Wintrust Financial Corp. during the second quarter worth approximately $207,000. 91.90% of the stock is currently owned by institutional investors.
In other Wintrust Financial Corp. news, insider Richard B. Murphy sold 1,293 shares of the stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $52.71, for a total transaction of $68,154.03. Following the transaction, the insider now owns 28,445 shares of the company’s stock, valued at $1,499,335.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.
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).
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