Wintrust Financial Corporation (WTFC) Forecasted to Post Q1 2018 Earnings of $1.04 Per Share

Wintrust Financial Corporation (NASDAQ:WTFC) – FIG Partners reduced their Q1 2018 earnings estimates for Wintrust Financial Corporation in a research report issued to clients and investors on Monday. FIG Partners analyst J. Rodis now expects that the bank will earn $1.04 per share for the quarter, down from their previous 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.

A number of other brokerages also recently issued reports on WTFC. 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. Zacks Investment Research upgraded shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Wednesday, September 27th. ValuEngine upgraded shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. BidaskClub downgraded shares of Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Wintrust Financial Corporation in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $81.13.

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Wintrust Financial Corporation (NASDAQ WTFC) traded up 0.32% during mid-day trading on Wednesday, reaching $77.76. 58,230 shares of the company’s stock traded hands. Wintrust Financial Corporation has a 1-year low of $51.65 and a 1-year high of $80.52. The firm has a 50 day moving average of $74.19 and a 200 day moving average of $73.15. The firm has a market cap of $4.34 billion, a PE ratio of 19.61 and a beta of 0.83.

Wintrust Financial Corporation (NASDAQ:WTFC) last posted its quarterly earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.12. The company had revenue of $294.38 million for 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 business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the business posted $0.90 EPS.

Institutional investors and hedge funds have recently bought and sold shares of the company. Greenwood Capital Associates LLC boosted its stake in shares of Wintrust Financial Corporation by 1.8% in the 2nd quarter. Greenwood Capital Associates LLC now owns 4,399 shares of the bank’s stock valued at $336,000 after purchasing an additional 78 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Wintrust Financial Corporation by 4.6% in the 2nd quarter. Jennison Associates LLC now owns 1,176,922 shares of the bank’s stock valued at $89,964,000 after purchasing an additional 52,161 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Wintrust Financial Corporation by 564.1% in the 2nd quarter. Prudential Financial Inc. now owns 443,557 shares of the bank’s stock valued at $33,905,000 after purchasing an additional 376,766 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Wintrust Financial Corporation by 3.9% in the 1st quarter. Amalgamated Bank now owns 7,235 shares of the bank’s stock valued at $500,000 after purchasing an additional 271 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Wintrust Financial Corporation by 6.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 714,385 shares of the bank’s stock valued at $54,606,000 after purchasing an additional 40,739 shares in the last quarter. Institutional investors own 90.65% of the company’s stock.

In other news, insider Edward J. Wehmer sold 29,779 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $76.89, for a total value of $2,289,707.31. Following the sale, the insider now directly owns 137,352 shares in the company, valued at approximately $10,560,995.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gary D. Sweeney purchased 485 shares of Wintrust Financial Corporation stock in a transaction dated Friday, July 21st. The stock was bought at an average price of $77.12 per share, for a total transaction of $37,403.20. Following the completion of the purchase, the director now owns 2,186 shares in the company, valued at approximately $168,584.32. The disclosure for this purchase can be found here. Company insiders own 2.00% 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.

Earnings History and Estimates for Wintrust Financial Corporation (NASDAQ:WTFC)

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