Wintrust Financial (NASDAQ:WTFC) issued its quarterly earnings results on Monday. The bank reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.04, RTT News reports. The firm had revenue of $300.14 million during the quarter, compared to analysts’ expectations of $299.47 million. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. Wintrust Financial’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 EPS.
Wintrust Financial (WTFC) traded down $0.31 during mid-day trading on Monday, hitting $87.50. 303,347 shares of the stock traded hands, compared to its average volume of 331,864. Wintrust Financial has a one year low of $64.14 and a one year high of $88.54. The firm has a market cap of $4,900.00, a PE ratio of 20.98, a PEG ratio of 1.19 and a beta of 0.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 0.99.
WTFC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Wintrust Financial in a research note on Tuesday, September 26th. Zacks Investment Research cut shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. SunTrust Banks set a $79.00 price target on shares of Wintrust Financial and gave the stock a “hold” rating in a research note on Thursday, October 19th. Royal Bank of Canada reiterated a “buy” rating and set a $84.00 price target on shares of Wintrust Financial in a research note on Friday, October 20th. Finally, BidaskClub cut shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Wintrust Financial presently has an average rating of “Buy” and a consensus target price of $86.88.
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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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