Wintrust Financial Corporation (NASDAQ:WTFC) – Equities researchers at Jefferies Group increased their Q4 2017 earnings per share estimates for shares of Wintrust Financial Corporation in a research report issued on Tuesday. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings per share of $1.11 for the quarter, up from their prior estimate of $1.09. Jefferies Group currently has a “Hold” rating and a $80.00 price objective on the stock. Jefferies Group also issued estimates for Wintrust Financial Corporation’s Q1 2018 earnings at $1.15 EPS, Q2 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.20 EPS and Q4 2018 earnings at $1.21 EPS.
A number of other equities research analysts also recently commented on the company. Zacks Investment Research raised Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Wednesday, September 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Wintrust Financial Corporation in a research note on Tuesday, September 26th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $84.00 price target on shares of Wintrust Financial Corporation in a research note on Friday, September 8th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $74.00 price target on shares of Wintrust Financial Corporation in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Wintrust Financial Corporation presently has an average rating of “Hold” and an average target price of $81.13.
Shares of Wintrust Financial Corporation (NASDAQ WTFC) traded down 0.66% during midday trading on Wednesday, reaching $77.87. 45,891 shares of the company traded hands. The stock has a market capitalization of $4.35 billion, a P/E ratio of 19.64 and a beta of 0.83. The stock’s 50-day moving average is $74.04 and its 200-day moving average is $73.12. Wintrust Financial Corporation has a 1-year low of $51.65 and a 1-year high of $80.52.
Wintrust Financial Corporation (NASDAQ:WTFC) last issued its quarterly earnings results on Tuesday, July 18th. The bank reported $1.11 EPS for the quarter, topping the consensus estimate of $0.99 by $0.12. The company had revenue of $294.38 million during the quarter, compared to analyst estimates of $279.69 million. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS.
In other news, insider Edward J. Wehmer sold 29,779 shares of Wintrust Financial Corporation stock in a transaction on Friday, July 21st. The stock was sold at an average price of $76.89, for a total transaction of $2,289,707.31. Following the completion of the transaction, the insider now owns 137,352 shares of the company’s stock, valued at approximately $10,560,995.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David A. Dykstra sold 26,861 shares of Wintrust Financial Corporation stock in a transaction on Friday, July 21st. The stock was sold at an average price of $76.82, for a total value of $2,063,462.02. Following the transaction, the executive vice president now directly owns 185,651 shares of the company’s stock, valued at approximately $14,261,709.82. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new position in shares of Wintrust Financial Corporation during the 2nd quarter worth $121,000. Exane Derivatives purchased a new stake in Wintrust Financial Corporation during the 2nd quarter worth about $128,000. Oppenheimer & Co. Inc. increased its position in Wintrust Financial Corporation by 3.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 2,956 shares of the bank’s stock worth $204,000 after purchasing an additional 96 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in Wintrust Financial Corporation during the 2nd quarter worth about $215,000. Finally, Two Sigma Securities LLC purchased a new stake in Wintrust Financial Corporation during the 1st quarter worth about $223,000. 90.65% of the stock is owned by institutional investors and hedge funds.
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.
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