FY2018 EPS Estimates for Wintrust Financial Corp Lifted by SunTrust Banks (WTFC)

Wintrust Financial Corp (NASDAQ:WTFC) – Analysts at SunTrust Banks upped their FY2018 earnings per share estimates for shares of Wintrust Financial in a research note issued to investors on Tuesday, January 8th. SunTrust Banks analyst M. Young now anticipates that the bank will post earnings of $6.12 per share for the year, up from their previous estimate of $6.05. SunTrust Banks also issued estimates for Wintrust Financial’s FY2019 earnings at $6.46 EPS, Q1 2020 earnings at $1.68 EPS, Q2 2020 earnings at $1.68 EPS, Q3 2020 earnings at $1.78 EPS, Q4 2020 earnings at $1.79 EPS and FY2020 earnings at $6.93 EPS.

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

Several other research firms have also recently weighed in on WTFC. ValuEngine cut Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. BidaskClub cut Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. Zacks Investment Research cut Wintrust Financial from a “buy” rating to a “hold” rating and set a $86.00 price objective on the stock. in a research report on Saturday, November 17th. Stephens raised Wintrust Financial from an “equal” rating to a “weight” rating in a research report on Monday, October 15th. Finally, Royal Bank of Canada lifted their price objective on Wintrust Financial to $92.00 and gave the company an “outperform” rating in a research report on Friday, October 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $93.70.

Wintrust Financial stock opened at $70.61 on Wednesday. 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 company has a market cap of $3.89 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 0.78 and a beta of 0.97. Wintrust Financial has a fifty-two week low of $61.53 and a fifty-two week high of $99.96.

Several hedge funds have recently added to or reduced their stakes in WTFC. First Hawaiian Bank purchased a new position in shares of Wintrust Financial during the third quarter valued at approximately $101,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of Wintrust Financial by 99.4% during the second quarter. Moneta Group Investment Advisors LLC now owns 1,705 shares of the bank’s stock valued at $148,000 after purchasing an additional 850 shares during the last quarter. Commonwealth Bank of Australia purchased a new position in shares of Wintrust Financial during the third quarter valued at approximately $246,000. Paulson Wealth Management Inc. purchased a new position in shares of Wintrust Financial during the third quarter valued at approximately $259,000. Finally, Cerebellum GP LLC lifted its holdings in shares of Wintrust Financial by 77.7% during the fourth quarter. Cerebellum GP LLC now owns 3,889 shares of the bank’s stock valued at $259,000 after purchasing an additional 1,701 shares during the last quarter. Hedge funds and other institutional investors own 88.02% 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.

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

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