Wintrust Financial Co. Forecasted to Post Q2 2021 Earnings of $1.19 Per Share (NASDAQ:WTFC)


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Wintrust Financial Co. (NASDAQ:WTFC) – Research analysts at Piper Sandler upped their Q2 2021 earnings per share estimates for shares of Wintrust Financial in a research note issued on Wednesday, January 13th. Piper Sandler analyst N. Race now forecasts that the bank will earn $1.19 per share for the quarter, up from their previous estimate of $1.17. Piper Sandler currently has a “Overweight” rating and a $78.00 target price on the stock. Piper Sandler also issued estimates for Wintrust Financial’s FY2021 earnings at $4.68 EPS and FY2022 earnings at $4.76 EPS.

Several other analysts have also recently commented on the stock. BidaskClub cut shares of Wintrust Financial from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 30th. Truist lifted their target price on shares of Wintrust Financial from $47.00 to $56.00 in a research note on Monday, November 2nd. Raymond James lifted their target price on shares of Wintrust Financial from $65.00 to $73.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, December 2nd. Zacks Investment Research raised shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Saturday, October 3rd. Finally, ValuEngine raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Monday, November 23rd. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $55.60.

WTFC stock opened at $67.16 on Thursday. The stock has a market capitalization of $3.87 billion, a P/E ratio of 14.89, a PEG ratio of 0.76 and a beta of 1.61. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.99 and a current ratio of 1.02. Wintrust Financial has a one year low of $22.02 and a one year high of $69.63. The company has a 50 day moving average price of $60.99 and a two-hundred day moving average price of $49.13.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Wednesday, October 21st. The bank reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.59. Wintrust Financial had a return on equity of 7.63% and a net margin of 14.33%. The firm had revenue of $426.53 million for the quarter, compared to the consensus estimate of $406.57 million.

Institutional investors have recently modified their holdings of the stock. Aigen Investment Management LP bought a new stake in Wintrust Financial during the third quarter worth $33,000. Point72 Hong Kong Ltd increased its stake in Wintrust Financial by 296.0% in the 3rd quarter. Point72 Hong Kong Ltd now owns 3,227 shares of the bank’s stock worth $129,000 after acquiring an additional 2,412 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in Wintrust Financial by 58.5% in the 2nd quarter. Advisor Group Holdings Inc. now owns 3,062 shares of the bank’s stock worth $134,000 after acquiring an additional 1,130 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Wintrust Financial by 15.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,088 shares of the bank’s stock worth $135,000 after acquiring an additional 405 shares during the last quarter. Finally, Sowell Financial Services LLC increased its stake in Wintrust Financial by 123.6% in the 4th quarter. Sowell Financial Services LLC now owns 3,220 shares of the bank’s stock worth $197,000 after acquiring an additional 1,780 shares during the last quarter. Institutional investors own 88.82% of the company’s stock.

In other news, CEO Edward J. Wehmer sold 14,173 shares of the company’s stock in a transaction that occurred on Tuesday, November 24th. The stock was sold at an average price of $59.31, for a total value of $840,600.63. Also, CEO Edward J. Wehmer sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $53.14, for a total value of $797,100.00. Over the last quarter, insiders have sold 36,141 shares of company stock valued at $2,051,042. 1.58% of the stock is owned by company insiders.

Wintrust Financial Company Profile

Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.

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

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