Wintrust Financial Corporation (NASDAQ:WTFC) – Investment analysts at DA Davidson boosted their FY2017 earnings per share estimates for Wintrust Financial Corporation in a research note issued on Friday. DA Davidson analyst K. Reevey now anticipates that the bank will earn $4.37 per share for the year, up from their previous estimate of $4.29. DA Davidson also issued estimates for Wintrust Financial Corporation’s Q4 2017 earnings at $1.14 EPS, Q1 2018 earnings at $1.16 EPS, Q2 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.22 EPS, Q4 2018 earnings at $1.25 EPS, FY2018 earnings at $4.80 EPS and FY2019 earnings at $5.42 EPS.

Several other equities research analysts have also recently commented on WTFC. Wedbush reaffirmed an “outperform” rating and issued a $89.00 target price on shares of Wintrust Financial Corporation in a research report on Tuesday, June 27th. Stephens cut shares of Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 10th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $80.00 target price on shares of Wintrust Financial Corporation in a research report on Friday, July 14th. BidaskClub cut shares of Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Piper Jaffray Companies set a $72.00 target price on shares of Wintrust Financial Corporation and gave the stock a “hold” rating in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $81.38.

ILLEGAL ACTIVITY WARNING: This report was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/10/23/fy2017-earnings-estimate-for-wintrust-financial-corporation-wtfc-issued-by-da-davidson.html.

Shares of Wintrust Financial Corporation (NASDAQ WTFC) opened at 81.42 on Monday. The firm has a 50-day moving average of $75.24 and a 200 day moving average of $73.59. Wintrust Financial Corporation has a 1-year low of $51.65 and a 1-year high of $81.46. The company has a market capitalization of $4.54 billion, a P/E ratio of 20.53 and a beta of 0.83.

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

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Wintrust Financial Corporation by 6.3% in the 2nd quarter. BlackRock Inc. now owns 6,492,888 shares of the bank’s stock worth $496,316,000 after acquiring an additional 382,791 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Wintrust Financial Corporation by 7.7% in the 2nd quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock worth $350,607,000 after acquiring an additional 327,529 shares in the last quarter. State Street Corp increased its stake in shares of Wintrust Financial Corporation by 5.9% in the 2nd quarter. State Street Corp now owns 3,031,640 shares of the bank’s stock worth $231,743,000 after acquiring an additional 168,386 shares in the last quarter. Northern Trust Corp increased its stake in shares of Wintrust Financial Corporation by 33.2% in the 2nd quarter. Northern Trust Corp now owns 1,403,270 shares of the bank’s stock worth $107,265,000 after acquiring an additional 349,965 shares in the last quarter. Finally, Jennison Associates LLC increased 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 worth $89,964,000 after acquiring an additional 52,161 shares in the last quarter. Institutional investors own 90.65% 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)

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.