Brokerages Expect Wintrust Financial Corp (WTFC) to Post $1.54 EPS

Analysts forecast that Wintrust Financial Corp (NASDAQ:WTFC) will announce $1.54 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Wintrust Financial’s earnings, with the lowest EPS estimate coming in at $1.50 and the highest estimate coming in at $1.57. Wintrust Financial posted earnings per share of $1.12 in the same quarter last year, which would indicate a positive year-over-year growth rate of 37.5%. The firm is expected to announce its next earnings results on Wednesday, October 17th.

According to Zacks, analysts expect that Wintrust Financial will report full year earnings of $6.02 per share for the current fiscal year, with EPS estimates ranging from $5.85 to $6.09. For the next fiscal year, analysts anticipate that the business will report earnings of $6.53 per share, with EPS estimates ranging from $6.30 to $6.73. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Wintrust Financial.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Tuesday, July 17th. The bank reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.09. Wintrust Financial had a return on equity of 10.62% and a net margin of 22.07%. The business had revenue of $333.40 million during the quarter, compared to analysts’ expectations of $327.03 million. During the same quarter last year, the company posted $1.11 earnings per share.

WTFC has been the subject of a number of research analyst reports. ValuEngine cut Wintrust Financial from a “buy” rating to a “hold” rating in a report on Monday, June 11th. Hovde Group set a $98.00 price objective on Wintrust Financial and gave the stock a “hold” rating in a report on Monday, July 23rd. BidaskClub upgraded Wintrust Financial from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 12th. Zacks Investment Research cut Wintrust Financial from a “buy” rating to a “hold” rating in a report on Saturday, July 7th. Finally, Wedbush boosted their price objective on Wintrust Financial from $100.00 to $101.00 and gave the stock a “$90.84” rating in a report on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Wintrust Financial currently has an average rating of “Hold” and an average target price of $94.56.

In other news, insider Timothy Crane sold 954 shares of the business’s stock in a transaction that occurred on Friday, July 20th. The stock was sold at an average price of $90.96, for a total transaction of $86,775.84. Following the completion of the sale, the insider now owns 17,272 shares in the company, valued at $1,571,061.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Edward J. Wehmer sold 12,301 shares of the business’s stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $91.12, for a total value of $1,120,867.12. Following the sale, the insider now owns 133,308 shares of the company’s stock, valued at approximately $12,147,024.96. The disclosure for this sale can be found here. Insiders own 1.57% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in shares of Wintrust Financial by 33.8% in the second quarter. Advisors Asset Management Inc. now owns 17,340 shares of the bank’s stock valued at $1,509,000 after buying an additional 4,384 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Wintrust Financial by 84.6% in the second quarter. Public Employees Retirement System of Ohio now owns 49,614 shares of the bank’s stock valued at $4,319,000 after buying an additional 22,732 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Wintrust Financial in the second quarter valued at approximately $288,000. Nomura Holdings Inc. acquired a new stake in shares of Wintrust Financial in the second quarter valued at approximately $483,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Wintrust Financial in the second quarter valued at approximately $376,000. Institutional investors own 88.34% of the company’s stock.

Wintrust Financial stock traded down $0.43 during midday trading on Tuesday, reaching $90.32. 577,312 shares of the company’s stock were exchanged, compared to its average volume of 323,980. Wintrust Financial has a 52 week low of $73.10 and a 52 week high of $99.96. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.00. The stock has a market capitalization of $5.09 billion, a P/E ratio of 20.53, a PEG ratio of 1.11 and a beta of 0.79.

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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