Wintrust Financial Corporation (NASDAQ:WTFC) – Equities researchers at Jefferies Group boosted their Q2 2017 EPS estimates for shares of Wintrust Financial Corporation in a research note issued to investors on Wednesday. Jefferies Group analyst C. Haire now forecasts that the bank will post earnings of $0.99 per share for the quarter, up from their prior forecast of $0.97. Jefferies Group currently has a “Hold” rating and a $80.00 price target on the stock.

Wintrust Financial Corporation (NASDAQ:WTFC) last issued its earnings results on Tuesday, April 18th. The bank reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.10. Wintrust Financial Corporation had a net margin of 18.61% and a return on equity of 8.86%. The firm had revenue of $261.35 million for the quarter, compared to analysts’ expectations of $268.40 million. During the same quarter last year, the company posted $0.90 earnings per share.

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A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Keefe, Bruyette & Woods set a $72.00 target price on shares of Wintrust Financial Corporation and gave the company a “buy” rating in a research note on Thursday, April 6th. Hovde Group upped their target price on shares of Wintrust Financial Corporation from $74.00 to $76.50 and gave the company a “market perform” rating in a research note on Tuesday, April 25th. ValuEngine raised shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Wedbush reissued an “outperform” rating and issued a $89.00 target price on shares of Wintrust Financial Corporation in a research note on Tuesday, June 27th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $75.50.

Wintrust Financial Corporation (NASDAQ:WTFC) opened at 78.41 on Monday. Wintrust Financial Corporation has a one year low of $50.54 and a one year high of $79.27. The firm has a 50-day moving average of $72.87 and a 200-day moving average of $71.70. The company has a market cap of $4.36 billion, a PE ratio of 20.86 and a beta of 0.81.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Wintrust Financial Corporation by 21,214.8% in the first quarter. BlackRock Inc. now owns 6,110,097 shares of the bank’s stock valued at $422,330,000 after buying an additional 6,081,431 shares in the last quarter. State Street Corp boosted its stake in shares of Wintrust Financial Corporation by 57.1% in the first quarter. State Street Corp now owns 2,863,254 shares of the bank’s stock valued at $197,915,000 after buying an additional 1,040,715 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Wintrust Financial Corporation by 189.4% in the first quarter. JPMorgan Chase & Co. now owns 1,610,423 shares of the bank’s stock valued at $111,312,000 after buying an additional 1,053,900 shares in the last quarter. Hermes Investment Management Ltd. boosted its stake in shares of Wintrust Financial Corporation by 1.4% in the first quarter. Hermes Investment Management Ltd. now owns 999,935 shares of the bank’s stock valued at $69,116,000 after buying an additional 13,662 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Wintrust Financial Corporation by 4.6% in the first quarter. Ameriprise Financial Inc. now owns 732,232 shares of the bank’s stock valued at $50,613,000 after buying an additional 32,140 shares in the last quarter. 90.65% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Gary D. Sweeney acquired 515 shares of the firm’s stock in a transaction on Tuesday, April 25th. The shares were purchased at an average cost of $72.81 per share, with a total value of $37,497.15. Following the completion of the purchase, the director now owns 2,150 shares of the company’s stock, valued at $156,541.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter D. Crist sold 23,225 shares of the company’s stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $69.82, for a total transaction of $1,621,569.50. Following the sale, the director now directly owns 73,550 shares in the company, valued at $5,135,261. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

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.

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

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