Brokerages Expect Wintrust Financial Corp (WTFC) Will Announce Quarterly Sales of $296.30 Million

Wall Street analysts expect Wintrust Financial Corp (NASDAQ:WTFC) to post $296.30 million in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Wintrust Financial’s earnings, with the highest sales estimate coming in at $304.90 million and the lowest estimate coming in at $288.40 million. Wintrust Financial posted sales of $261.35 million in the same quarter last year, which suggests a positive year-over-year growth rate of 13.4%. The firm is expected to announce its next earnings report on Tuesday, April 17th.

On average, analysts expect that Wintrust Financial will report full year sales of $296.30 million for the current year, with estimates ranging from $1.23 billion to $1.26 billion. For the next financial year, analysts expect that the company will report sales of $1.35 billion per share, with estimates ranging from $1.33 billion to $1.38 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Wintrust Financial.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, January 22nd. The bank reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.04. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. The business had revenue of $300.14 million during the quarter, compared to the consensus estimate of $299.47 million. During the same quarter in the prior year, the firm earned $0.94 earnings per share. The business’s quarterly revenue was up 8.7% compared to the same quarter last year.

Several equities research analysts have recently weighed in on WTFC shares. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Wintrust Financial in a research note on Tuesday, September 26th. Zacks Investment Research downgraded 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 target price 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 target price on shares of Wintrust Financial in a research note on Friday, October 20th. Finally, BidaskClub downgraded shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $86.88.

In related news, insider Thomas P. Zidar sold 3,178 shares of the firm’s stock in a transaction dated 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 owns 31,239 shares in the company, valued at $2,499,120. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ingrid S. Stafford sold 1,405 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $80.63, for a total transaction of $113,285.15. Following the completion of the sale, the director now owns 20,746 shares of the company’s stock, valued at approximately $1,672,749.98. The disclosure for this sale can be found here. 1.97% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Suntrust Banks Inc. increased its holdings in Wintrust Financial by 0.7% in the second quarter. Suntrust Banks Inc. now owns 7,307 shares of the bank’s stock valued at $558,000 after buying an additional 49 shares in the last quarter. Nordea Investment Management AB increased its holdings in Wintrust Financial by 0.9% in the second quarter. Nordea Investment Management AB now owns 56,400 shares of the bank’s stock valued at $4,311,000 after buying an additional 500 shares in the last quarter. Amalgamated Bank increased its holdings in Wintrust Financial by 9.1% in the second quarter. Amalgamated Bank now owns 7,892 shares of the bank’s stock valued at $603,000 after buying an additional 657 shares in the last quarter. HighTower Advisors LLC increased its holdings in Wintrust Financial by 11.5% in the second quarter. HighTower Advisors LLC now owns 6,421 shares of the bank’s stock valued at $492,000 after buying an additional 660 shares in the last quarter. Finally, Sit Investment Associates Inc. increased its holdings in Wintrust Financial by 5.5% in the third quarter. Sit Investment Associates Inc. now owns 12,765 shares of the bank’s stock valued at $1,000,000 after buying an additional 665 shares in the last quarter. 91.29% of the stock is owned by institutional investors.

Shares of Wintrust Financial (WTFC) traded down $0.31 on Tuesday, hitting $87.50. 303,300 shares of the stock traded hands, compared to its average volume of 331,864. Wintrust Financial has a twelve month low of $64.14 and a twelve month high of $88.54. The firm has a market capitalization of $4,890.00, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 1.19 and a beta of 0.83. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.40.

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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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