Wintrust Financial Co. (NASDAQ:WTFC) – Equities research analysts at SunTrust Banks raised their Q2 2018 earnings per share (EPS) estimates for Wintrust Financial in a report issued on Thursday, April 19th. SunTrust Banks analyst M. Young now forecasts that the bank will earn $1.42 per share for the quarter, up from their previous forecast of $1.35. SunTrust Banks has a “Hold” rating and a $94.00 price objective on the stock. SunTrust Banks also issued estimates for Wintrust Financial’s Q3 2018 earnings at $1.46 EPS, Q4 2018 earnings at $1.47 EPS, FY2018 earnings at $5.75 EPS, Q1 2019 earnings at $1.47 EPS, Q2 2019 earnings at $1.54 EPS, Q3 2019 earnings at $1.60 EPS, Q4 2019 earnings at $1.59 EPS and FY2019 earnings at $6.20 EPS.
Other equities research analysts also recently issued reports about the stock. BidaskClub raised shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Wedbush lifted their price target on shares of Wintrust Financial from $98.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday. FIG Partners raised shares of Wintrust Financial from a “market perform” rating to an “outperform” rating in a research note on Friday, February 9th. Hovde Group reaffirmed a “market perform” rating and issued a $90.00 price target (up from $85.00) on shares of Wintrust Financial in a research note on Thursday, February 8th. Finally, Zacks Investment Research downgraded shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $92.20.
Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, April 16th. The bank reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.12. Wintrust Financial had a net margin of 21.18% and a return on equity of 10.00%. The firm had revenue of $310.76 million during the quarter, compared to the consensus estimate of $302.62 million. During the same period in the previous year, the firm posted $1.00 earnings per share. The business’s revenue was up 18.9% compared to the same quarter last year.
In other news, CFO David L. Stoehr sold 5,268 shares of Wintrust Financial stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.59, for a total transaction of $461,424.12. Following the completion of the transaction, the chief financial officer now directly owns 11,347 shares in the company, valued at $993,883.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $1,242,405.18. Following the transaction, the insider now owns 134,864 shares of the company’s stock, valued at $11,822,178.24. The disclosure for this sale can be found here. Insiders have sold 30,676 shares of company stock valued at $2,687,566 over the last quarter. Corporate insiders own 1.57% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Cerebellum GP LLC acquired a new position in shares of Wintrust Financial during the fourth quarter valued at about $126,000. Trust Co. of Toledo NA OH acquired a new position in shares of Wintrust Financial during the fourth quarter valued at about $200,000. Brown Advisory Inc. acquired a new position in shares of Wintrust Financial during the fourth quarter valued at about $213,000. Castleark Management LLC acquired a new position in shares of Wintrust Financial during the fourth quarter valued at about $231,000. Finally, Exane Derivatives grew its holdings in shares of Wintrust Financial by 79.2% during the fourth quarter. Exane Derivatives now owns 2,971 shares of the bank’s stock valued at $245,000 after buying an additional 1,313 shares during the last quarter. Hedge funds and other institutional investors own 90.94% of the company’s stock.
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About Wintrust Financial
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), Internet banking, and other services.
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