Wall Street brokerages forecast that Wintrust Financial Corp (NASDAQ:WTFC) will post sales of $299.83 million for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Wintrust Financial’s earnings, with the lowest sales estimate coming in at $296.80 million and the highest estimate coming in at $304.00 million. Wintrust Financial posted sales of $261.35 million during the same quarter last year, which would indicate a positive year over year growth rate of 14.7%. The business is expected to announce its next earnings report on Tuesday, April 17th.
On average, analysts expect that Wintrust Financial will report full-year sales of $299.83 million for the current financial year, with estimates ranging from $1.24 billion to $1.28 billion. For the next year, analysts anticipate that the company will report sales of $1.37 billion per share, with estimates ranging from $1.34 billion to $1.38 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Wintrust Financial.
Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, January 22nd. The bank reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.04. Wintrust Financial had a net margin of 20.35% and a return on equity of 9.49%. The business had revenue of $300.14 million during the quarter, compared to analysts’ expectations of $299.47 million. During the same period in the prior year, the business earned $0.94 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year.
Several equities research analysts recently issued reports on WTFC shares. ValuEngine upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. BidaskClub upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Piper Jaffray Companies restated a “hold” rating and set a $86.00 price objective on shares of Wintrust Financial in a research report on Tuesday, January 9th. SunTrust Banks restated a “hold” rating and set a $94.00 price objective on shares of Wintrust Financial in a research report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $90.00 price objective on shares of Wintrust Financial in a research report on Thursday, December 14th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Wintrust Financial currently has a consensus rating of “Hold” and a consensus price target of $89.78.
In other Wintrust Financial news, insider Edward J. Wehmer sold 14,173 shares of Wintrust Financial stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.66, for a total transaction of $1,242,405.18. Following the completion of the sale, the insider now directly owns 134,864 shares in the company, valued at $11,822,178.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David A. Dykstra sold 11,235 shares of Wintrust Financial stock in a transaction dated 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 disclosure for this sale can be found here. Over the last quarter, insiders have acquired 152 shares of company stock valued at $10,629 and have sold 30,676 shares valued at $2,687,566. 1.97% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Cerebellum GP LLC purchased a new position in shares of Wintrust Financial in the fourth quarter valued at approximately $126,000. Trust Co. of Toledo NA OH purchased a new position in shares of Wintrust Financial in the fourth quarter valued at approximately $200,000. Magnetar Financial LLC purchased a new position in shares of Wintrust Financial in the third quarter valued at approximately $204,000. Brown Advisory Inc. purchased a new position in shares of Wintrust Financial in the fourth quarter valued at approximately $213,000. Finally, Castleark Management LLC purchased a new position in shares of Wintrust Financial in the fourth quarter valued at approximately $231,000. Institutional investors and hedge funds own 90.97% of the company’s stock.
Shares of Wintrust Financial (NASDAQ:WTFC) opened at $90.34 on Wednesday. Wintrust Financial has a 12-month low of $64.14 and a 12-month high of $91.51. The stock has a market cap of $5,139.30, a PE ratio of 20.53, a P/E/G ratio of 1.23 and a beta of 0.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.01.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.14. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.84%. Wintrust Financial’s dividend payout ratio (DPR) is currently 17.27%.
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About Wintrust Financial
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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