Wintrust Financial Corp (WTFC) Expected to Announce Earnings of $1.14 Per Share

Brokerages expect that Wintrust Financial Corp (NASDAQ:WTFC) will report earnings of $1.14 per share for the current quarter, according to Zacks. Six analysts have provided estimates for Wintrust Financial’s earnings, with the lowest EPS estimate coming in at $1.12 and the highest estimate coming in at $1.16. Wintrust Financial reported earnings per share of $0.94 during the same quarter last year, which would suggest a positive year over year growth rate of 21.3%. The firm is scheduled to announce its next earnings results after the market closes on Monday, January 22nd.

According to Zacks, analysts expect that Wintrust Financial will report full-year earnings of $4.37 per share for the current fiscal year, with EPS estimates ranging from $4.35 to $4.40. For the next year, analysts expect that the business will post earnings of $5.47 per share, with EPS estimates ranging from $4.80 to $5.85. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Wintrust Financial.

WTFC has been the subject of a number of research reports. Royal Bank of Canada reissued a “buy” rating and set a $84.00 target price on shares of Wintrust Financial in a research note on Friday, October 20th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $90.00 target price on shares of Wintrust Financial in a research note on Thursday, December 14th. BidaskClub cut Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Wednesday, December 27th. Finally, SunTrust Banks set a $79.00 target price on Wintrust Financial and gave the stock a “hold” rating in a research note on Thursday, October 19th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Wintrust Financial has an average rating of “Buy” and a consensus price target of $86.88.

In other Wintrust Financial news, Director Gary D. Sweeney purchased 338 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was bought at an average cost of $80.58 per share, with a total value of $27,236.04. Following the purchase, the director now directly owns 2,973 shares of the company’s stock, valued at $239,564.34. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP David A. Dykstra sold 22,476 shares of the firm’s 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 transaction, 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 have sold a total of 44,500 shares of company stock valued at $3,563,512 over the last ninety days. Company insiders own 2.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Fox Run Management L.L.C. bought a new position in shares of Wintrust Financial in the fourth quarter valued at $320,000. Schwab Charles Investment Management Inc. grew its stake in shares of Wintrust Financial by 4.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 320,163 shares of the bank’s stock valued at $26,372,000 after buying an additional 14,387 shares in the last quarter. Sit Investment Associates Inc. grew its stake in shares of Wintrust Financial by 8.6% in the fourth quarter. Sit Investment Associates Inc. now owns 13,860 shares of the bank’s stock valued at $1,142,000 after buying an additional 1,095 shares in the last quarter. Atlantic Trust Group LLC bought a new position in shares of Wintrust Financial in the third quarter valued at $1,263,000. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Wintrust Financial by 192.9% in the third quarter. Public Employees Retirement System of Ohio now owns 27,341 shares of the bank’s stock valued at $2,141,000 after buying an additional 18,007 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

Shares of Wintrust Financial (NASDAQ WTFC) opened at $87.81 on Friday. Wintrust Financial has a 52 week low of $64.14 and a 52 week high of $88.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.01. The stock has a market capitalization of $4,856.93, a P/E ratio of 21.06, a P/E/G ratio of 1.18 and a beta of 0.83.

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Wintrust Financial 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.

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

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