Analysts Expect Wintrust Financial Corp (WTFC) to Post $1.13 Earnings Per Share
Analysts expect that Wintrust Financial Corp (NASDAQ:WTFC) will announce $1.13 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Wintrust Financial’s earnings, with the highest EPS estimate coming in at $1.16 and the lowest estimate coming in at $1.12. Wintrust Financial reported earnings of $0.94 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 20.2%. The firm is expected to announce its next earnings report on Wednesday, January 17th.
According to Zacks, analysts expect that Wintrust Financial will report full-year earnings of $4.38 per share for the current year, with EPS estimates ranging from $4.35 to $4.46. For the next financial year, analysts anticipate that the business will report earnings of $4.90 per share, with EPS estimates ranging from $4.78 to $5.36. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Wintrust Financial.
Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.04. Wintrust Financial 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 the consensus estimate of $298.96 million. During the same quarter last year, the firm earned $0.92 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis.
In other news, Director Ingrid S. Stafford sold 1,405 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $80.63, for a total transaction of $113,285.15. Following the sale, the director now directly owns 20,746 shares in the company, valued at $1,672,749.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Leona A. Gleason sold 8,441 shares of the business’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $80.78, for a total value of $681,863.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,500 shares of company stock worth $3,563,512. Company insiders own 1.97% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. bought a new stake in shares of Wintrust Financial during the second quarter worth about $121,000. Meeder Asset Management Inc. bought a new stake in shares of Wintrust Financial during the third quarter worth about $183,000. Magnetar Financial LLC bought a new stake in shares of Wintrust Financial during the third quarter worth about $204,000. Csenge Advisory Group bought a new stake in shares of Wintrust Financial during the third quarter worth about $212,000. Finally, Adviser Investments LLC bought a new stake in shares of Wintrust Financial during the third quarter worth about $214,000. Institutional investors own 91.60% of the company’s stock.
Shares of Wintrust Financial (NASDAQ WTFC) opened at $82.09 on Thursday. Wintrust Financial has a twelve month low of $64.14 and a twelve month high of $86.80. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $4,590.00, a price-to-earnings ratio of 19.69, a PEG ratio of 1.25 and a beta of 0.83.
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About Wintrust Financial
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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