Piper Jaffray Companies Comments on Wintrust Financial Corp’s Q2 2019 Earnings (NASDAQ:WTFC)

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Wintrust Financial Corp (NASDAQ:WTFC) – Piper Jaffray Companies issued their Q2 2019 earnings per share (EPS) estimates for Wintrust Financial in a research report issued to clients and investors on Monday, July 8th. Piper Jaffray Companies analyst N. Race expects that the bank will post earnings per share of $1.69 for the quarter. Piper Jaffray Companies currently has a “Buy” rating and a $92.00 price target on the stock. Piper Jaffray Companies also issued estimates for Wintrust Financial’s Q3 2019 earnings at $1.75 EPS, Q4 2019 earnings at $1.78 EPS, FY2019 earnings at $6.74 EPS, Q1 2020 earnings at $1.65 EPS, Q2 2020 earnings at $1.77 EPS, Q3 2020 earnings at $1.82 EPS, Q4 2020 earnings at $1.86 EPS and FY2020 earnings at $7.10 EPS.

Several other equities research analysts have also recently weighed in on WTFC. Jefferies Financial Group increased their price objective on shares of T. Rowe Price Group from $103.00 to $119.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. BidaskClub cut shares of Xilinx from a “buy” rating to a “hold” rating in a report on Saturday, June 15th. Wedbush reiterated a “hold” rating and set a $9.00 price objective on shares of Glu Mobile in a report on Tuesday, May 7th. Finally, Zacks Investment Research raised shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Friday, July 5th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $92.00.

Shares of NASDAQ:WTFC opened at $71.17 on Wednesday. The company has a 50 day moving average of $71.61. The company has a market cap of $4.01 billion, a P/E ratio of 12.15, a price-to-earnings-growth ratio of 0.82 and a beta of 1.04. Wintrust Financial has a one year low of $61.53 and a one year high of $92.56. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 0.99.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, April 15th. The bank reported $1.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.01). Wintrust Financial had a return on equity of 11.28% and a net margin of 21.95%. The business had revenue of $343.64 million for the quarter, compared to analyst estimates of $345.03 million. During the same quarter in the previous year, the company earned $1.40 EPS. The business’s revenue for the quarter was up 10.6% on a year-over-year basis.

A number of institutional investors and hedge funds have recently made changes to their positions in WTFC. Hexavest Inc. acquired a new position in shares of Wintrust Financial during the 2nd quarter worth approximately $284,000. Copper Rock Capital Partners LLC grew its holdings in shares of Wintrust Financial by 26.7% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 261,807 shares of the bank’s stock worth $19,154,000 after purchasing an additional 55,197 shares during the period. FMR LLC grew its holdings in shares of Wintrust Financial by 49.3% during the 1st quarter. FMR LLC now owns 988,775 shares of the bank’s stock worth $66,574,000 after purchasing an additional 326,602 shares during the period. Marshall Wace North America L.P. lifted its stake in Wintrust Financial by 432.9% during the 1st quarter. Marshall Wace North America L.P. now owns 94,565 shares of the bank’s stock worth $6,368,000 after acquiring an additional 76,819 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in Wintrust Financial by 265.6% during the 1st quarter. Marshall Wace LLP now owns 213,491 shares of the bank’s stock worth $14,375,000 after acquiring an additional 155,104 shares in the last quarter. 88.91% of the stock is owned by institutional investors and hedge funds.

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), Internet banking, and other services.

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

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