Q2 2018 Earnings Forecast for Wintrust Financial Co. (WTFC) Issued By SunTrust Banks

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.

How to Become a New Pot Stock Millionaire

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.

WTFC opened at $90.84 on Friday. Wintrust Financial has a 1-year low of $67.47 and a 1-year high of $92.00. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $4,990.51, a price-to-earnings ratio of 20.64, a P/E/G ratio of 1.17 and a beta of 0.83.

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.

ILLEGAL ACTIVITY WARNING: “Q2 2018 Earnings Forecast for Wintrust Financial Co. (WTFC) Issued By SunTrust Banks” was originally reported by Week Herald and is the property of of Week Herald. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://weekherald.com/2018/04/20/q2-2018-earnings-forecast-for-wintrust-financial-co-wtfc-issued-by-suntrust-banks.html.

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.

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

Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply