FY2017 Earnings Estimate for Wintrust Financial Corporation (WTFC) Issued By Jefferies Group
Wintrust Financial Corporation (NASDAQ:WTFC) – Equities research analysts at Jefferies Group increased their FY2017 earnings estimates for Wintrust Financial Corporation in a research report issued on Thursday. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings of $4.46 per share for the year, up from their prior forecast of $4.37. Jefferies Group currently has a “Hold” rating and a $80.00 target price on the stock. Jefferies Group also issued estimates for Wintrust Financial Corporation’s Q4 2017 earnings at $1.14 EPS, Q1 2018 earnings at $1.16 EPS, Q3 2018 earnings at $1.19 EPS and FY2019 earnings at $5.25 EPS.
A number of other brokerages have also recently issued reports on WTFC. Piper Jaffray Companies set a $72.00 target price on shares of Wintrust Financial Corporation and gave the company a “hold” rating in a report on Tuesday, July 18th. Zacks Investment Research raised shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Wednesday, September 27th. ValuEngine raised shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. SunTrust Banks, Inc. set a $79.00 target price on shares of Wintrust Financial Corporation and gave the company a “hold” rating in a report on Thursday, October 19th. Finally, BidaskClub cut shares of Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $81.38.
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Shares of Wintrust Financial Corporation (NASDAQ WTFC) opened at 81.40 on Monday. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 20.53 and a beta of 0.83. Wintrust Financial Corporation has a 1-year low of $51.65 and a 1-year high of $81.46. The firm’s 50-day moving average price is $76.45 and its 200 day moving average price is $74.03.
Wintrust Financial Corporation (NASDAQ:WTFC) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.04. Wintrust Financial Corporation had a return on equity of 9.32% and a net margin of 19.74%. The company had revenue of $295.70 million during the quarter, compared to analyst estimates of $298.96 million. During the same period in the previous year, the business earned $0.92 EPS. Wintrust Financial Corporation’s quarterly revenue was up 9.0% on a year-over-year basis.
A number of hedge funds have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. purchased a new stake in Wintrust Financial Corporation in the 3rd quarter worth approximately $428,000. First Midwest Bank Trust Division grew its stake in Wintrust Financial Corporation by 7.4% in the 3rd quarter. First Midwest Bank Trust Division now owns 19,033 shares of the bank’s stock worth $1,490,000 after acquiring an additional 1,312 shares during the period. Aperio Group LLC grew its stake in Wintrust Financial Corporation by 18.0% in the 3rd quarter. Aperio Group LLC now owns 9,613 shares of the bank’s stock worth $753,000 after acquiring an additional 1,466 shares during the period. Nationwide Fund Advisors grew its stake in Wintrust Financial Corporation by 10.3% in the 3rd quarter. Nationwide Fund Advisors now owns 205,999 shares of the bank’s stock worth $16,132,000 after acquiring an additional 19,271 shares during the period. Finally, Adviser Investments LLC purchased a new stake in Wintrust Financial Corporation in the 3rd quarter worth approximately $214,000. 90.63% of the stock is owned by hedge funds and other institutional investors.
In other Wintrust Financial Corporation news, insider Thomas P. Zidar sold 3,178 shares of Wintrust Financial Corporation stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $80.00, for a total value of $254,240.00. Following the completion of the sale, the insider now directly owns 31,239 shares of the company’s stock, valued at approximately $2,499,120. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David A. Dykstra sold 22,476 shares of Wintrust Financial Corporation stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $79.86, for a total transaction of $1,794,933.36. Following the completion of the sale, the executive vice president now directly owns 188,604 shares of the company’s stock, valued at $15,061,915.44. The disclosure for this sale can be found here. Insiders sold a total of 43,095 shares of company stock valued at $3,450,227 over the last ninety days. 2.00% of the stock is owned by corporate insiders.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, November 9th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $0.56 annualized dividend and a yield of 0.69%. Wintrust Financial Corporation’s payout ratio is currently 13.43%.
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.
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