Wintrust Financial Corporation (WTFC) Issues Earnings Results

Wintrust Financial Corporation (NASDAQ:WTFC) released its earnings results on Wednesday. The bank reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.04, Briefing.com reports. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. The company had revenue of $295.70 million during the quarter, compared to the consensus estimate of $298.96 million. During the same quarter in the prior year, the firm earned $0.92 EPS. The company’s revenue was up 9.0% compared to the same quarter last year.

Wintrust Financial Corporation (NASDAQ:WTFC) traded up 0.64% on Wednesday, hitting $78.50. 379,227 shares of the stock were exchanged. The company has a 50 day moving average of $74.36 and a 200 day moving average of $73.29. The stock has a market capitalization of $4.38 billion, a P/E ratio of 19.80 and a beta of 0.83. Wintrust Financial Corporation has a one year low of $51.66 and a one year high of $80.52.

A number of equities research analysts have issued reports on the stock. Hovde Group reiterated a “market perform” rating and issued a $80.00 target price (up previously from $76.50) on shares of Wintrust Financial Corporation in a research report on Wednesday, August 2nd. ValuEngine upgraded shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $80.00 target price on shares of Wintrust Financial Corporation in a research report on Friday, August 11th. Keefe, Bruyette & Woods restated a “buy” rating and set a $82.00 price target on shares of Wintrust Financial Corporation in a report on Tuesday, August 22nd. Finally, Zacks Investment Research upgraded shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Wintrust Financial Corporation presently has an average rating of “Hold” and a consensus price target of $81.13.

In other news, EVP David A. Dykstra sold 26,861 shares of the business’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $76.82, for a total value of $2,063,462.02. Following the sale, the executive vice president now owns 185,651 shares of the company’s stock, valued at $14,261,709.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gary D. Sweeney acquired 485 shares of the business’s stock in a transaction dated Friday, July 21st. The stock was acquired at an average cost of $77.12 per share, for a total transaction of $37,403.20. Following the transaction, the director now owns 2,186 shares of the company’s stock, valued at $168,584.32. The disclosure for this purchase can be found here. Insiders own 1.97% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Wintrust Financial Corporation (WTFC) Issues Earnings Results” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/10/18/wintrust-financial-corporation-wtfc-issues-earnings-results.html.

About Wintrust Financial Corporation

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 c

Wintrust Financial Corporation (NASDAQ:WTFC) traded up 0.64% on Wednesday, hitting $78.50. 379,227 shares of the stock were exchanged. The company has a 50 day moving average of $74.36 and a 200 day moving average of $73.29. The stock has a market capitalization of $4.38 billion, a P/E ratio of 19.80 and a beta of 0.83. Wintrust Financial Corporation has a one year low of $51.66 and a one year high of $80.52.

A number of equities research analysts have issued reports on the stock. Hovde Group reiterated a “market perform” rating and issued a $80.00 target price (up previously from $76.50) on shares of Wintrust Financial Corporation in a research report on Wednesday, August 2nd. ValuEngine upgraded shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $80.00 target price on shares of Wintrust Financial Corporation in a research report on Friday, August 11th. Keefe, Bruyette & Woods restated a “buy” rating and set a $82.00 price target on shares of Wintrust Financial Corporation in a report on Tuesday, August 22nd. Finally, Zacks Investment Research upgraded shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Wintrust Financial Corporation presently has an average rating of “Hold” and a consensus price target of $81.13.

In other news, EVP David A. Dykstra sold 26,861 shares of the business’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $76.82, for a total value of $2,063,462.02. Following the sale, the executive vice president now owns 185,651 shares of the company’s stock, valued at $14,261,709.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gary D. Sweeney acquired 485 shares of the business’s stock in a transaction dated Friday, July 21st. The stock was acquired at an average cost of $77.12 per share, for a total transaction of $37,403.20. Following the transaction, the director now owns 2,186 shares of the company’s stock, valued at $168,584.32. The disclosure for this purchase can be found here. Insiders own 1.97% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Wintrust Financial Corporation (WTFC) Issues Earnings Results” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/10/18/wintrust-financial-corporation-wtfc-issues-earnings-results.html.

About Wintrust Financial Corporation

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.

Earnings History for Wintrust Financial Corporation (NASDAQ:WTFC)

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