Wintrust Financial Corporation (NASDAQ:WTFC) – Stock analysts at FIG Partners reduced their Q1 2018 earnings per share (EPS) estimates for shares of Wintrust Financial Corporation in a report issued on Monday. FIG Partners analyst J. Rodis now forecasts that the bank will earn $1.04 per share for the quarter, down from their prior forecast of $1.09. FIG Partners also issued estimates for Wintrust Financial Corporation’s Q2 2018 earnings at $1.13 EPS, Q3 2018 earnings at $1.22 EPS and Q4 2018 earnings at $1.26 EPS.
Wintrust Financial Corporation (NASDAQ:WTFC) last released its quarterly earnings data on Tuesday, July 18th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.12. The business had revenue of $294.38 million for the quarter, compared to analysts’ expectations of $279.69 million. Wintrust Financial Corporation had a return on equity of 9.15% and a net margin of 19.24%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS.
Several other equities analysts have also issued reports on WTFC. Wedbush reaffirmed an “outperform” rating and issued a $89.00 price target on shares of Wintrust Financial Corporation in a report on Tuesday, June 27th. Stephens lowered shares of Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a report on Monday, July 10th. Jefferies Group LLC reiterated a “hold” rating and set a $80.00 price objective on shares of Wintrust Financial Corporation in a research note on Friday, July 14th. BidaskClub downgraded shares of Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Piper Jaffray Companies set a $72.00 price objective on shares of Wintrust Financial Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $81.13.
Wintrust Financial Corporation (NASDAQ WTFC) opened at 78.97 on Wednesday. The company has a 50-day moving average price of $73.86 and a 200 day moving average price of $73.08. Wintrust Financial Corporation has a 52-week low of $51.66 and a 52-week high of $80.52. The company has a market capitalization of $4.41 billion, a PE ratio of 19.92 and a beta of 0.83.
In other news, insider Edward J. Wehmer sold 29,779 shares of Wintrust Financial Corporation stock in a transaction on Friday, July 21st. The shares were sold at an average price of $76.89, for a total transaction of $2,289,707.31. Following the completion of the sale, the insider now directly owns 137,352 shares in the company, valued at $10,560,995.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gary D. Sweeney acquired 485 shares of the stock in a transaction dated Friday, July 21st. The shares were bought at an average price of $77.12 per share, with a total value of $37,403.20. Following the completion of the purchase, the director now directly owns 2,186 shares of the company’s stock, valued at approximately $168,584.32. The disclosure for this purchase can be found here. Insiders own 1.97% of the company’s stock.
Several large investors have recently bought and sold shares of WTFC. Advisors Asset Management Inc. acquired a new stake in shares of Wintrust Financial Corporation during the second quarter worth $121,000. Exane Derivatives acquired a new stake in shares of Wintrust Financial Corporation during the second quarter worth $128,000. Oppenheimer & Co. Inc. lifted its stake in shares of Wintrust Financial Corporation by 3.4% during the first quarter. Oppenheimer & Co. Inc. now owns 2,956 shares of the bank’s stock worth $204,000 after buying an additional 96 shares during the period. Essex Investment Management Co. LLC acquired a new stake in shares of Wintrust Financial Corporation during the second quarter worth $215,000. Finally, Two Sigma Securities LLC acquired a new position in Wintrust Financial Corporation during the first quarter valued at $223,000. Institutional investors and hedge funds own 90.65% of the company’s stock.
Wintrust Financial Corporation Company Profile
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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