Analysts expect Wintrust Financial Corp (NASDAQ:WTFC) to post sales of $296.30 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Wintrust Financial’s earnings, with estimates ranging from $288.40 million to $304.90 million. Wintrust Financial posted sales of $261.35 million in the same quarter last year, which suggests a positive year-over-year growth rate of 13.4%. The firm is expected to announce its next quarterly earnings report on Tuesday, April 17th.

On average, analysts expect that Wintrust Financial will report full year sales of $296.30 million for the current financial year, with estimates ranging from $1.23 billion to $1.26 billion. For the next year, analysts anticipate that the company will post sales of $1.35 billion per share, with estimates ranging from $1.33 billion to $1.38 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Wintrust Financial.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.04. Wintrust Financial had a return on equity of 9.32% and a net margin of 19.74%. The firm had revenue of $300.14 million during the quarter, compared to analysts’ expectations of $299.47 million. During the same quarter in the previous year, the business earned $0.94 earnings per share. The company’s revenue was up 8.7% on a year-over-year basis.

Several research analysts have recently weighed in on the company. BidaskClub upgraded Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded Wintrust Financial from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Wednesday, September 27th. Piper Jaffray Companies reiterated a “hold” rating and set a $86.00 price objective on shares of Wintrust Financial in a research report on Tuesday, January 9th. ValuEngine upgraded Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Wintrust Financial in a research report on Tuesday, September 26th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Wintrust Financial currently has an average rating of “Buy” and a consensus target price of $86.88.

Wintrust Financial (NASDAQ WTFC) traded down $0.31 during mid-day trading on Tuesday, hitting $87.50. The stock had a trading volume of 303,300 shares, compared to its average volume of 331,864. Wintrust Financial has a 52-week low of $64.14 and a 52-week high of $88.54. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $4,890.00, a PE ratio of 20.98, a P/E/G ratio of 1.19 and a beta of 0.83.

In other Wintrust Financial news, Director Ingrid S. Stafford sold 1,405 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $80.63, for a total value of $113,285.15. Following the completion of the sale, the director now owns 20,746 shares in the company, valued at $1,672,749.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Thomas P. Zidar sold 3,178 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $80.00, for a total value of $254,240.00. Following the completion of the sale, the insider now owns 31,239 shares of the company’s stock, valued at approximately $2,499,120. The disclosure for this sale can be found here. Corporate insiders own 1.97% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in shares of Wintrust Financial in the third quarter worth about $183,000. Magnetar Financial LLC bought a new position in shares of Wintrust Financial in the third quarter worth about $204,000. Csenge Advisory Group bought a new position in shares of Wintrust Financial in the third quarter worth about $212,000. Adviser Investments LLC bought a new position in shares of Wintrust Financial in the third quarter worth about $214,000. Finally, Jane Street Group LLC bought a new position in shares of Wintrust Financial in the third quarter worth about $260,000. 91.29% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “$296.30 Million in Sales Expected for Wintrust Financial Corp (WTFC) This Quarter” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.thecerbatgem.com/2018/01/23/296-30-million-in-sales-expected-for-wintrust-financial-corp-wtfc-this-quarter.html.

Wintrust Financial 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.

Get a free copy of the Zacks research report on Wintrust Financial (WTFC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Wintrust Financial (NASDAQ:WTFC)

Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.com's FREE daily email newsletter.