Wintrust Financial Corp (NASDAQ:WTFC) – Equities researchers at FIG Partners boosted their Q2 2018 earnings per share estimates for Wintrust Financial in a research report issued on Thursday. FIG Partners analyst J. Rodis now forecasts that the bank will earn $1.41 per share for the quarter, up from their prior estimate of $1.40. FIG Partners has a “Outperform” rating on the stock. FIG Partners also issued estimates for Wintrust Financial’s Q3 2018 earnings at $1.49 EPS.
Several other research firms also recently weighed in on WTFC. DA Davidson boosted their target price on shares of Wintrust Financial to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. BidaskClub raised shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. SunTrust Banks reissued a “hold” rating and issued a $94.00 target price on shares of Wintrust Financial in a research report on Tuesday, January 9th. Piper Jaffray Companies reissued a “hold” rating and issued a $86.00 target price on shares of Wintrust Financial in a research report on Tuesday, January 9th. Finally, Zacks Investment Research raised shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Saturday, January 6th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $88.67.
Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, January 22nd. The bank reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.04. The company had revenue of $300.14 million during the quarter, compared to the consensus estimate of $299.47 million. Wintrust Financial had a net margin of 20.35% and a return on equity of 9.49%. The company’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of WTFC. Cerebellum GP LLC acquired a new position in shares of Wintrust Financial in the 4th quarter valued at about $126,000. Meeder Asset Management Inc. acquired a new position in shares of Wintrust Financial in the 3rd quarter valued at about $183,000. Trust Co. of Toledo NA OH acquired a new position in shares of Wintrust Financial in the 4th quarter valued at about $200,000. Magnetar Financial LLC acquired a new position in shares of Wintrust Financial in the 3rd quarter valued at about $204,000. Finally, Csenge Advisory Group acquired a new position in shares of Wintrust Financial in the 3rd quarter valued at about $212,000. 90.79% of the stock is owned by institutional investors and hedge funds.
In other news, insider Edward J. Wehmer sold 14,173 shares of Wintrust Financial stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.66, for a total value of $1,242,405.18. Following the completion of the transaction, the insider now directly owns 134,864 shares of the company’s stock, valued at approximately $11,822,178.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David A. Dykstra sold 11,235 shares of Wintrust Financial stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.56, for a total transaction of $983,736.60. Following the completion of the transaction, the executive vice president now directly owns 39,365 shares of the company’s stock, valued at $3,446,799.40. The disclosure for this sale can be found here. Insiders sold a total of 30,676 shares of company stock valued at $2,687,566 over the last ninety days. Company insiders own 2.00% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 7th. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.14. This represents a $0.76 annualized dividend and a dividend yield of 0.93%. Wintrust Financial’s payout ratio is 17.27%.
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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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