Wall Street analysts expect Wintrust Financial Corporation (NASDAQ:WTFC) to report earnings of $1.11 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Wintrust Financial Corporation’s earnings, with the lowest EPS estimate coming in at $1.08 and the highest estimate coming in at $1.14. Wintrust Financial Corporation posted earnings per share of $0.94 in the same quarter last year, which would indicate a positive year over year growth rate of 18.1%. The company is expected to announce its next quarterly earnings report on Wednesday, January 17th.

On average, analysts expect that Wintrust Financial Corporation will report full year earnings of $4.32 per share for the current fiscal year, with EPS estimates ranging from $4.24 to $4.37. For the next financial year, analysts expect that the company will post earnings of $4.76 per share, with EPS estimates ranging from $4.63 to $4.85. Zacks’ EPS calculations are an average based on a survey of research firms that follow Wintrust Financial Corporation.

Wintrust Financial Corporation (NASDAQ:WTFC) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The firm had revenue of $295.70 million during the quarter, compared to the consensus estimate of $298.96 million. Wintrust Financial Corporation had a return on equity of 9.32% and a net margin of 19.74%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 earnings per share.

A number of research analysts have recently commented on WTFC shares. Piper Jaffray Companies set a $72.00 target price on Wintrust Financial Corporation and gave the company a “hold” rating in a research note on Tuesday, July 18th. Zacks Investment Research upgraded Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Wednesday, September 27th. ValuEngine upgraded Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. SunTrust Banks, Inc. set a $79.00 target price on Wintrust Financial Corporation and gave the company a “hold” rating in a research note on Thursday. Finally, BidaskClub cut Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Wintrust Financial Corporation currently has a consensus rating of “Hold” and an average price target of $81.38.

Wintrust Financial Corporation (NASDAQ WTFC) traded up 2.29% during midday trading on Friday, hitting $81.42. The stock had a trading volume of 266,440 shares. Wintrust Financial Corporation has a 12 month low of $51.65 and a 12 month high of $81.46. The firm’s 50-day moving average price is $75.24 and its 200 day moving average price is $73.59. The company has a market cap of $4.54 billion, a P/E ratio of 20.53 and a beta of 0.83.

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

WARNING: “Wintrust Financial Corporation (WTFC) Expected to Announce Earnings of $1.11 Per Share” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/22/wintrust-financial-corporation-wtfc-expected-to-announce-earnings-of-1-11-per-share.html.

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.

Get a free copy of the Zacks research report on Wintrust Financial Corporation (WTFC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Wintrust Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.