Wintrust Financial Corp (NASDAQ:WTFC) – Analysts at Wedbush boosted their FY2018 earnings per share (EPS) estimates for Wintrust Financial in a research note issued on Thursday. Wedbush analyst D. Chiaverini now forecasts that the bank will post earnings of $5.74 per share for the year, up from their prior forecast of $4.85.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Saturday. SunTrust Banks reaffirmed a “hold” rating and issued a $88.00 target price on shares of Wintrust Financial in a research report on Wednesday, November 29th. BidaskClub downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $90.00 target price on shares of Wintrust Financial in a research report on Thursday, December 14th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $84.00 target price on shares of Wintrust Financial in a research report on Friday, October 20th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $84.63.
Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.04. The firm had revenue of $295.70 million for the quarter, compared to analyst estimates of $298.96 million. Wintrust Financial had a return on equity of 9.32% and a net margin of 19.74%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 earnings per share.
In related news, insider Leona A. Gleason sold 8,441 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $80.78, for a total transaction of $681,863.98. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gary D. Sweeney purchased 338 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, October 24th. The shares were bought at an average cost of $80.58 per share, for a total transaction of $27,236.04. Following the transaction, the director now directly owns 2,973 shares of the company’s stock, valued at $239,564.34. The disclosure for this purchase can be found here. Insiders sold 44,500 shares of company stock worth $3,563,512 in the last ninety days. 2.00% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Atlantic Trust Group LLC acquired a new stake in Wintrust Financial during the third quarter worth approximately $1,263,000. Public Employees Retirement System of Ohio grew its position in Wintrust Financial by 192.9% during the third quarter. Public Employees Retirement System of Ohio now owns 27,341 shares of the bank’s stock worth $2,141,000 after buying an additional 18,007 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Wintrust Financial during the third quarter worth approximately $558,000. Sterling Capital Management LLC grew its position in Wintrust Financial by 6.3% during the third quarter. Sterling Capital Management LLC now owns 379,331 shares of the bank’s stock worth $29,705,000 after buying an additional 22,331 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in Wintrust Financial by 2.3% during the third quarter. California Public Employees Retirement System now owns 119,823 shares of the bank’s stock worth $9,383,000 after buying an additional 2,723 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.
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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