Wintrust Financial Corp (WTFC) to Post Q4 2018 Earnings of $1.62 Per Share, SunTrust Banks Forecasts

Wintrust Financial Corp (NASDAQ:WTFC) – Analysts at SunTrust Banks issued their Q4 2018 earnings per share (EPS) estimates for shares of Wintrust Financial in a research report issued to clients and investors on Tuesday, January 8th. SunTrust Banks analyst M. Young anticipates that the bank will earn $1.62 per share for the quarter. SunTrust Banks also issued estimates for Wintrust Financial’s Q1 2019 earnings at $1.53 EPS, Q2 2019 earnings at $1.58 EPS, Q3 2019 earnings at $1.66 EPS and Q4 2019 earnings at $1.69 EPS.

Several other analysts also recently weighed in on the company. Piper Jaffray Companies upgraded Wintrust Financial from a “neutral” rating to an “overweight” rating in a research note on Monday, January 7th. Zacks Investment Research upgraded Wintrust Financial from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Tuesday, December 25th. BidaskClub downgraded Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Friday, December 7th. ValuEngine downgraded Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Finally, Raymond James cut their price target on Wintrust Financial from $100.00 to $96.00 and set a “strong-buy” rating on the stock in a research note on Friday, October 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $93.70.

Wintrust Financial stock opened at $70.66 on Thursday. 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 capitalization of $3.96 billion, a P/E ratio of 16.06, a P/E/G ratio of 0.79 and a beta of 0.97. Wintrust Financial has a twelve month low of $61.53 and a twelve month high of $99.96.

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

A number of institutional investors and hedge funds have recently modified their holdings of WTFC. First Hawaiian Bank purchased a new stake in Wintrust Financial during the 3rd quarter valued at $101,000. Moneta Group Investment Advisors LLC boosted its stake in Wintrust Financial by 99.4% during the 2nd 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 stake in Wintrust Financial during the 3rd quarter valued at $246,000. Paulson Wealth Management Inc. purchased a new stake in Wintrust Financial during the 3rd quarter valued at $259,000. Finally, Cerebellum GP LLC boosted its stake in Wintrust Financial by 77.7% during the 4th 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. Institutional investors and hedge funds own 88.02% of the company’s stock.

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.

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

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