Zacks: Analysts Anticipate Wintrust Financial Corp (WTFC) Will Announce Earnings of $1.56 Per Share

Equities analysts expect that Wintrust Financial Corp (NASDAQ:WTFC) will report earnings of $1.56 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Wintrust Financial’s earnings, with estimates ranging from $1.44 to $1.64. Wintrust Financial reported earnings per share of $1.17 during the same quarter last year, which indicates a positive year-over-year growth rate of 33.3%. The business is scheduled to announce its next earnings results on Monday, January 28th.

According to Zacks, analysts expect that Wintrust Financial will report full year earnings of $6.06 per share for the current year, with EPS estimates ranging from $5.94 to $6.14. For the next fiscal year, analysts forecast that the company will report earnings of $6.57 per share, with EPS estimates ranging from $6.33 to $6.81. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Wintrust Financial.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Wednesday, October 17th. The bank reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.03. Wintrust Financial had a net margin of 22.70% and a return on equity of 11.27%. The firm had revenue of $347.49 million during the quarter, compared to analysts’ expectations of $342.18 million. During the same period last year, the business earned $1.12 earnings per share. Wintrust Financial’s revenue was up 17.5% compared to the same quarter last year.

Several equities research analysts recently issued reports on the stock. Hovde Group set a $98.00 price objective on shares of Wintrust Financial and gave the stock a “hold” rating in a research report on Monday, July 23rd. BidaskClub upgraded shares of Wintrust Financial from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 12th. Zacks Investment Research upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Saturday, October 6th. FIG Partners upgraded shares of Wintrust Financial from a “market perform” rating to an “outperform” rating and set a $99.00 price objective for the company in a research report on Tuesday, October 2nd. Finally, Stephens upgraded shares of Wintrust Financial from an “equal” rating to a “weight” rating in a research report on Monday, October 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Wintrust Financial presently has a consensus rating of “Buy” and an average target price of $95.27.

Wintrust Financial stock traded down $0.06 during midday trading on Friday, hitting $78.08. 50,866 shares of the stock were exchanged, compared to its average volume of 512,395. Wintrust Financial has a fifty-two week low of $72.17 and a fifty-two week high of $99.96. The stock has a market cap of $4.42 billion, a P/E ratio of 17.75, a PEG ratio of 0.96 and a beta of 0.87. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.45.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Thursday, November 8th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.27%.

A number of hedge funds have recently made changes to their positions in WTFC. Millennium Management LLC boosted its stake in Wintrust Financial by 741.4% during the second quarter. Millennium Management LLC now owns 1,523,131 shares of the bank’s stock worth $132,589,000 after buying an additional 1,342,106 shares during the period. Citadel Advisors LLC boosted its stake in Wintrust Financial by 280.1% during the third quarter. Citadel Advisors LLC now owns 1,143,203 shares of the bank’s stock worth $97,104,000 after buying an additional 842,454 shares during the period. Segall Bryant & Hamill LLC boosted its stake in Wintrust Financial by 2,766.3% during the second quarter. Segall Bryant & Hamill LLC now owns 186,453 shares of the bank’s stock worth $16,231,000 after buying an additional 179,948 shares during the period. Advisors Asset Management Inc. boosted its stake in Wintrust Financial by 1,386.6% during the second quarter. Advisors Asset Management Inc. now owns 192,609 shares of the bank’s stock worth $1,509,000 after buying an additional 179,653 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Wintrust Financial by 19.7% during the third quarter. Alliancebernstein L.P. now owns 1,073,793 shares of the bank’s stock worth $91,208,000 after buying an additional 176,392 shares during the period. 87.42% of the stock is owned by institutional investors.

Wintrust Financial Company Profile

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.

Recommended Story: Compound Interest and Why It Matters When Investing

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.

Leave a Reply