Brokerages expect that Wintrust Financial Corporation (NASDAQ:WTFC) will post $297.90 million in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Wintrust Financial Corporation’s earnings, with estimates ranging from $290.60 million to $301.00 million. Wintrust Financial Corporation posted sales of $276.05 million in the same quarter last year, which suggests a positive year over year growth rate of 7.9%. The company is expected to issue its next earnings report on Wednesday, January 17th.

According to Zacks, analysts expect that Wintrust Financial Corporation will report full-year sales of $297.90 million for the current financial year, with estimates ranging from $1.14 billion to $1.16 billion. For the next financial year, analysts expect that the company will post sales of $1.24 billion per share, with estimates ranging from $1.22 billion to $1.26 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Wintrust Financial Corporation.

Wintrust Financial Corporation (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 Corporation 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.

WTFC has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub downgraded Wintrust Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $82.00 target price on shares of Wintrust Financial Corporation in a research note on Tuesday, August 22nd. Piper Jaffray Companies restated a “hold” rating and issued a $74.00 target price on shares of Wintrust Financial Corporation in a research note on Friday, September 1st. Finally, Hovde Group restated a “market perform” rating and issued a $80.00 target price (up previously from $76.50) on shares of Wintrust Financial Corporation in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $81.38.

Large investors have recently bought and sold shares of the stock. Greenwood Capital Associates LLC raised its holdings in shares of Wintrust Financial Corporation by 1.8% in the 2nd quarter. Greenwood Capital Associates LLC now owns 4,399 shares of the bank’s stock worth $336,000 after purchasing an additional 78 shares during the period. Jennison Associates LLC raised its holdings 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 purchasing an additional 52,161 shares during the period. Prudential Financial Inc. raised its holdings in shares of Wintrust Financial Corporation by 564.1% in the 2nd quarter. Prudential Financial Inc. now owns 443,557 shares of the bank’s stock worth $33,905,000 after purchasing an additional 376,766 shares during the period. Amalgamated Bank raised its holdings in shares of Wintrust Financial Corporation by 3.9% in the 1st quarter. Amalgamated Bank now owns 7,235 shares of the bank’s stock worth $500,000 after purchasing an additional 271 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Wintrust Financial Corporation by 6.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 714,385 shares of the bank’s stock worth $54,606,000 after purchasing an additional 40,739 shares during the period. 90.65% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: This piece of content 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 stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/24/297-90-million-in-sales-expected-for-wintrust-financial-corporation-wtfc-this-quarter.html.

Shares of Wintrust Financial Corporation (NASDAQ WTFC) opened at 79.44 on Tuesday. Wintrust Financial Corporation has a 1-year low of $51.65 and a 1-year high of $81.46. The firm has a 50-day moving average price of $75.42 and a 200 day moving average price of $73.76. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 20.04 and a beta of 0.83.

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.