FY2017 EPS Estimates for Wintrust Financial Corporation (WTFC) Increased by Analyst
Wintrust Financial Corporation (NASDAQ:WTFC) – Equities researchers at Wedbush upped their FY2017 earnings estimates for shares of Wintrust Financial Corporation in a research note issued on Thursday. Wedbush analyst D. Chiaverini now expects that the bank will post earnings of $4.35 per share for the year, up from their previous estimate of $4.30. Wedbush has a “Outperform” rating and a $89.00 price objective on the stock. Wedbush also issued estimates for Wintrust Financial Corporation’s Q1 2018 earnings at $1.12 EPS, Q2 2018 earnings at $1.23 EPS, Q4 2018 earnings at $1.28 EPS and FY2018 earnings at $4.85 EPS.
Several other research firms also recently weighed in on WTFC. Royal Bank Of Canada reissued a “buy” rating and issued a $84.00 price objective on shares of Wintrust Financial Corporation in a report on Friday. SunTrust Banks, Inc. set a $79.00 price objective on Wintrust Financial Corporation and gave the company a “hold” rating in a report on Thursday. Stephens downgraded Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a report on Monday, July 10th. BidaskClub downgraded Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Piper Jaffray Companies set a $72.00 price objective on Wintrust Financial Corporation and gave the company a “hold” rating in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Wintrust Financial Corporation currently has a consensus rating of “Hold” and a consensus target price of $81.38.
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Shares of Wintrust Financial Corporation (NASDAQ:WTFC) opened at 81.42 on Friday. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 20.53 and a beta of 0.83. The stock’s 50 day moving average price is $75.24 and its 200-day moving average price is $73.59. Wintrust Financial Corporation has a 12 month low of $51.66 and a 12 month high of $81.46.
Wintrust Financial Corporation (NASDAQ:WTFC) last announced its earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.04. The company had revenue of $295.70 million for the quarter, compared to analyst estimates of $298.96 million. Wintrust Financial Corporation had a return on equity of 9.32% and a net margin of 19.74%. Wintrust Financial Corporation’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.92 earnings per share.
Several hedge funds and other institutional investors have recently modified their holdings of WTFC. Advisors Asset Management Inc. acquired a new stake in shares of Wintrust Financial Corporation during the second quarter worth $121,000. Exane Derivatives acquired a new stake in shares of Wintrust Financial Corporation during the second quarter worth $128,000. Meeder Asset Management Inc. acquired a new stake in shares of Wintrust Financial Corporation during the third quarter worth $183,000. Oppenheimer & Co. Inc. lifted its holdings in shares of Wintrust Financial Corporation by 3.4% during the first quarter. Oppenheimer & Co. Inc. now owns 2,956 shares of the bank’s stock worth $204,000 after purchasing an additional 96 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Wintrust Financial Corporation during the second quarter worth $215,000. 90.65% of the stock is owned by hedge funds and other institutional investors.
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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