Wintrust Financial Co. (WTFC) Expected to Post Quarterly Sales of $299.83 Million

Equities research analysts predict that Wintrust Financial Co. (NASDAQ:WTFC) will report $299.83 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Wintrust Financial’s earnings, with the highest sales estimate coming in at $304.00 million and the lowest estimate coming in at $296.80 million. Wintrust Financial reported sales of $261.35 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.7%. The business is expected to issue its next earnings results after the market closes on Monday, April 16th.

According to Zacks, analysts expect that Wintrust Financial will report full year sales of $299.83 million for the current year, with estimates ranging from $1.24 billion to $1.29 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.37 billion per share, with estimates ranging from $1.34 billion to $1.38 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Wintrust Financial.

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Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, January 22nd. The bank reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.04. The firm had revenue of $300.14 million for the quarter, compared to analysts’ expectations of $299.47 million. Wintrust Financial had a net margin of 20.35% and a return on equity of 9.49%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 earnings per share.

Several brokerages recently weighed in on WTFC. Zacks Investment Research raised shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Saturday. BidaskClub cut shares of Wintrust Financial from a “buy” rating to a “hold” rating in a report on Wednesday. UBS began coverage on shares of Wintrust Financial in a report on Thursday, March 22nd. They issued a “neutral” rating and a $93.00 target price on the stock. FIG Partners cut shares of Wintrust Financial from an “outperform” rating to a “market perform” rating in a report on Monday, March 12th. Finally, ValuEngine raised shares of Wintrust Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Wintrust Financial has a consensus rating of “Hold” and an average price target of $90.40.

Shares of NASDAQ:WTFC opened at $86.05 on Friday. The company has a market capitalization of $4,837.99, a P/E ratio of 19.56, a PEG ratio of 1.15 and a beta of 0.84. Wintrust Financial has a fifty-two week low of $64.14 and a fifty-two week high of $91.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.01.

In other Wintrust Financial news, EVP David A. Dykstra sold 11,235 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $87.56, for a total transaction of $983,736.60. Following the sale, the executive vice president now owns 39,365 shares of the company’s stock, valued at $3,446,799.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Edward J. Wehmer sold 14,173 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $87.66, for a total transaction of $1,242,405.18. Following the sale, the insider now directly owns 134,864 shares in the company, valued at approximately $11,822,178.24. The disclosure for this sale can be found here. In the last three months, insiders have acquired 21 shares of company stock worth $1,170 and have sold 30,676 shares worth $2,687,566. 2.00% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Cerebellum GP LLC acquired a new stake in Wintrust Financial during the fourth quarter worth approximately $126,000. Gillson Capital LP acquired a new stake in Wintrust Financial during the fourth quarter worth approximately $4,823,000. Chicago Equity Partners LLC raised its holdings in Wintrust Financial by 2.2% during the fourth quarter. Chicago Equity Partners LLC now owns 192,080 shares of the bank’s stock worth $15,822,000 after purchasing an additional 4,120 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Wintrust Financial by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 735,233 shares of the bank’s stock worth $57,576,000 after acquiring an additional 20,848 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Wintrust Financial by 3.9% during the third quarter. Wells Fargo & Company MN now owns 298,804 shares of the bank’s stock worth $23,399,000 after acquiring an additional 11,209 shares during the last quarter. 90.99% of the stock is currently owned by institutional investors.

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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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