Wintrust Financial Corp (NASDAQ:WTFC) – Investment analysts at Piper Jaffray Companies dropped their Q4 2019 earnings estimates for Wintrust Financial in a report released on Thursday, October 17th. Piper Jaffray Companies analyst N. Race now forecasts that the bank will post earnings of $1.64 per share for the quarter, down from their prior forecast of $1.68. Piper Jaffray Companies currently has a “Buy” rating and a $92.00 target price on the stock. Piper Jaffray Companies also issued estimates for Wintrust Financial’s Q1 2020 earnings at $1.52 EPS, Q2 2020 earnings at $1.60 EPS, Q3 2020 earnings at $1.60 EPS, Q4 2020 earnings at $1.66 EPS and FY2020 earnings at $6.38 EPS.

Several other analysts have also recently commented on the stock. BidaskClub cut shares of Wintrust Financial from a “hold” rating to a “sell” rating in a report on Friday, August 9th. SunTrust Banks dropped their price target on shares of Wintrust Financial from $77.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Wedbush dropped their target price on shares of Wintrust Financial from $74.00 to $71.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. ValuEngine raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada set a $75.00 target price on shares of Wintrust Financial and gave the stock a “buy” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $77.14.

NASDAQ:WTFC opened at $64.90 on Monday. Wintrust Financial has a twelve month low of $59.34 and a twelve month high of $79.75. The company has a 50-day moving average of $64.01 and a 200-day moving average of $69.04. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 11.08 and a beta of 1.08. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.49.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Wednesday, October 16th. The bank reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.07. The firm had revenue of $380.00 million for the quarter, compared to analysts’ expectations of $374.98 million. Wintrust Financial had a net margin of 20.24% and a return on equity of 10.65%. Wintrust Financial’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $1.57 EPS.

A number of institutional investors and hedge funds have recently bought and sold shares of WTFC. Creative Planning boosted its stake in shares of Wintrust Financial by 0.7% in the 2nd quarter. Creative Planning now owns 21,139 shares of the bank’s stock valued at $1,547,000 after purchasing an additional 150 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Wintrust Financial by 1.7% in the second quarter. Commonwealth Equity Services LLC now owns 10,003 shares of the bank’s stock valued at $731,000 after buying an additional 166 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Wintrust Financial by 1.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 10,450 shares of the bank’s stock valued at $765,000 after buying an additional 170 shares during the last quarter. Cetera Advisor Networks LLC raised its holdings in shares of Wintrust Financial by 4.5% in the second quarter. Cetera Advisor Networks LLC now owns 4,614 shares of the bank’s stock valued at $337,000 after buying an additional 200 shares during the last quarter. Finally, Advisory Services Network LLC raised its holdings in shares of Wintrust Financial by 345.2% in the second quarter. Advisory Services Network LLC now owns 374 shares of the bank’s stock valued at $27,000 after buying an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 88.05% of the company’s stock.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), Internet banking, and other services.

Further Reading: If I purchase shares through a brokerage account, am I the holder of record?

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.