Q1 2019 EPS Estimates for Wintrust Financial Corp (WTFC) Lifted by Analyst

Wintrust Financial Corp (NASDAQ:WTFC) – Piper Jaffray Companies upped their Q1 2019 EPS estimates for Wintrust Financial in a note issued to investors on Monday, January 7th. Piper Jaffray Companies analyst N. Race now anticipates that the bank will post earnings of $1.56 per share for the quarter, up from their previous estimate of $1.52. Piper Jaffray Companies has a “Overweight” rating on the stock. Piper Jaffray Companies also issued estimates for Wintrust Financial’s Q2 2019 earnings at $1.60 EPS, Q4 2019 earnings at $1.77 EPS, FY2019 earnings at $6.67 EPS and FY2020 earnings at $7.11 EPS.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Wednesday, October 17th. The bank reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.03. The firm had revenue of $347.49 million during the quarter, compared to analyst estimates of $342.18 million. Wintrust Financial had a return on equity of 11.27% and a net margin of 22.70%. The company’s revenue was up 17.5% on a year-over-year basis. During the same period last year, the company earned $1.12 earnings per share.

A number of other analysts have also commented on the company. Royal Bank of Canada lifted their price objective on Wintrust Financial to $92.00 and gave the stock an “outperform” rating in a research report on Friday, October 19th. Zacks Investment Research lowered Wintrust Financial from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a research report on Saturday, November 17th. BidaskClub upgraded Wintrust Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, October 5th. FIG Partners upgraded Wintrust Financial from a “market perform” rating to an “outperform” rating and set a $99.00 price objective for the company in a research report on Tuesday, October 2nd. Finally, DA Davidson upgraded Wintrust Financial from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $98.00 to $95.00 in a research report on Friday, October 19th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $93.70.

Shares of WTFC stock opened at $70.66 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.99 and a quick ratio of 0.98. The stock has a market capitalization of $3.96 billion, a P/E ratio of 16.06, a PEG ratio of 0.79 and a beta of 0.97. Wintrust Financial has a 12 month low of $61.53 and a 12 month high of $99.96.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in Wintrust Financial by 1.4% during the third quarter. BlackRock Inc. now owns 5,406,698 shares of the bank’s stock worth $459,245,000 after buying an additional 73,645 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Wintrust Financial by 2.1% during the third quarter. Vanguard Group Inc. now owns 5,119,942 shares of the bank’s stock worth $434,889,000 after buying an additional 102,924 shares during the last quarter. Vanguard Group Inc boosted its holdings in Wintrust Financial by 2.1% during the third quarter. Vanguard Group Inc now owns 5,119,942 shares of the bank’s stock worth $434,889,000 after buying an additional 102,924 shares during the last quarter. Millennium Management LLC boosted its holdings in Wintrust Financial by 741.4% during the second quarter. Millennium Management LLC now owns 1,523,131 shares of the bank’s stock worth $132,589,000 after buying an additional 1,342,106 shares during the last quarter. Finally, Citadel Advisors LLC boosted its holdings in Wintrust Financial by 280.1% during the third quarter. Citadel Advisors LLC now owns 1,143,203 shares of the bank’s stock worth $97,104,000 after buying an additional 842,454 shares during the last quarter. Hedge funds and other institutional investors own 88.02% of the company’s stock.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), Internet banking, and other services.

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

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