Jefferies Group Equities Analysts Boost Earnings Estimates for Wintrust Financial Corporation (WTFC)
Wintrust Financial Corporation (NASDAQ:WTFC) – Equities research analysts at Jefferies Group raised their Q4 2017 earnings estimates for shares of Wintrust Financial Corporation in a report issued on Tuesday. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings per share of $1.11 for the quarter, up from their prior estimate of $1.09. Jefferies Group currently has a “Hold” rating and a $80.00 price target on the stock. Jefferies Group also issued estimates for Wintrust Financial Corporation’s Q1 2018 earnings at $1.15 EPS, Q2 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.20 EPS and Q4 2018 earnings at $1.21 EPS.
Wintrust Financial Corporation (NASDAQ:WTFC) last issued its earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.12. The company had revenue of $294.38 million for the quarter, compared to analysts’ expectations of $279.69 million. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 earnings per share. ILLEGAL ACTIVITY WARNING: This news story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/10/13/jefferies-group-equities-analysts-boost-earnings-estimates-for-wintrust-financial-corporation-wtfc.html.
A number of other research analysts have also recently issued reports on the company. Zacks Investment Research raised Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Wednesday, September 27th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Wintrust Financial Corporation in a report on Tuesday, September 26th. Royal Bank Of Canada reissued a “buy” rating and set a $84.00 price objective on shares of Wintrust Financial Corporation in a report on Friday, September 8th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $74.00 price objective on shares of Wintrust Financial Corporation in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $81.13.
Shares of Wintrust Financial Corporation (WTFC) traded up 0.06% during mid-day trading on Wednesday, hitting $77.56. 32,718 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $74.19 and a 200-day moving average price of $73.15. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 19.56 and a beta of 0.83. Wintrust Financial Corporation has a 52 week low of $51.65 and a 52 week high of $80.52.
Several institutional investors have recently added to or reduced their stakes in WTFC. Advisors Asset Management Inc. bought a new position in shares of Wintrust Financial Corporation in the second quarter valued at about $121,000. Exane Derivatives bought a new position in shares of Wintrust Financial Corporation in the second quarter valued at about $128,000. Oppenheimer & Co. Inc. raised its holdings in shares of Wintrust Financial Corporation by 3.4% in the first quarter. Oppenheimer & Co. Inc. now owns 2,956 shares of the bank’s stock valued at $204,000 after buying an additional 96 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in shares of Wintrust Financial Corporation in the second quarter valued at about $215,000. Finally, Two Sigma Securities LLC bought a new position in shares of Wintrust Financial Corporation in the first quarter valued at about $223,000. 90.65% of the stock is owned by institutional investors and hedge funds.
In related news, insider Edward J. Wehmer sold 29,779 shares of Wintrust Financial Corporation stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $76.89, for a total value of $2,289,707.31. Following the completion of the transaction, the insider now directly owns 137,352 shares of the company’s stock, valued at $10,560,995.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary D. Sweeney purchased 485 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was acquired at an average cost of $77.12 per share, with a total value of $37,403.20. Following the completion of the acquisition, the director now directly owns 2,186 shares of the company’s stock, valued at $168,584.32. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by company insiders.
Wintrust Financial Corporation 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 offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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