Wintrust Financial Corporation (NASDAQ:WTFC) – Jefferies Group raised their Q4 2017 earnings per share (EPS) estimates for shares of Wintrust Financial Corporation in a note issued to investors on Tuesday. Jefferies Group analyst C. Haire now expects that the bank will post earnings per share of $1.11 for the quarter, up from their prior forecast of $1.09. Jefferies Group currently has a “Hold” rating and a $80.00 target price 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 posted its earnings results on Tuesday, July 18th. The bank reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.12. The firm had revenue of $294.38 million during 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 company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company posted $0.90 EPS. WARNING: “Q4 2017 EPS Estimates for Wintrust Financial Corporation Raised by Analyst (WTFC)” was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://sportsperspectives.com/2017/10/11/q4-2017-eps-estimates-for-wintrust-financial-corporation-raised-by-analyst-wtfc.html.
Several other research firms also recently issued reports on WTFC. Zacks Investment Research downgraded shares of Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Wedbush reiterated an “outperform” rating and issued a $89.00 price target on shares of Wintrust Financial Corporation in a report on Tuesday, June 27th. Stephens downgraded shares of Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a report on Monday, July 10th. BidaskClub downgraded shares of Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $74.00 price objective on shares of Wintrust Financial Corporation in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Wintrust Financial Corporation presently has an average rating of “Hold” and a consensus price target of $81.13.
Wintrust Financial Corporation (WTFC) opened at 78.97 on Wednesday. The company has a 50 day moving average of $73.86 and a 200 day moving average of $73.08. Wintrust Financial Corporation has a 52 week low of $51.66 and a 52 week high of $80.52. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 19.92 and a beta of 0.83.
In related news, EVP David A. Dykstra sold 26,861 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $76.82, for a total transaction of $2,063,462.02. Following the completion of the sale, the executive vice president now owns 185,651 shares in the company, valued at $14,261,709.82. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gary D. Sweeney bought 485 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The shares were acquired at an average price of $77.12 per share, with a total value of $37,403.20. Following the purchase, the director now owns 2,186 shares of the company’s stock, valued at $168,584.32. The disclosure for this purchase can be found here. Company insiders own 1.97% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WTFC. Advisors Asset Management Inc. acquired a new position in Wintrust Financial Corporation during the second quarter worth approximately $121,000. Exane Derivatives acquired a new position in Wintrust Financial Corporation during the second quarter worth $128,000. Oppenheimer & Co. Inc. grew its holdings in 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 acquiring an additional 96 shares during the period. Essex Investment Management Co. LLC acquired a new position in Wintrust Financial Corporation during the second quarter worth $215,000. Finally, Two Sigma Securities LLC acquired a new position in Wintrust Financial Corporation during the first quarter worth $223,000. 90.65% of the stock is currently owned by 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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