Equities Analysts Issue Forecasts for Wintrust Financial Corp’s FY2019 Earnings (NASDAQ:WTFC)

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Wintrust Financial Corp (NASDAQ:WTFC) – Analysts at SunTrust Banks decreased their FY2019 earnings per share estimates for Wintrust Financial in a research report issued on Wednesday, July 17th. SunTrust Banks analyst M. Young now forecasts that the bank will post earnings per share of $6.07 for the year, down from their prior forecast of $6.58. SunTrust Banks also issued estimates for Wintrust Financial’s Q1 2020 earnings at $1.55 EPS, Q2 2020 earnings at $1.54 EPS, Q3 2020 earnings at $1.63 EPS, Q4 2020 earnings at $1.64 EPS and FY2020 earnings at $6.37 EPS.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, July 15th. The bank reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.27). Wintrust Financial had a net margin of 20.60% and a return on equity of 10.72%. The firm had revenue of $364.36 million for the quarter, compared to analysts’ expectations of $365.40 million. During the same period in the prior year, the company posted $1.53 earnings per share.

A number of other analysts have also commented on WTFC. Piper Jaffray Companies set a $92.00 price objective on shares of Wintrust Financial and gave the company a “buy” rating in a research note on Monday, July 8th. Wedbush reaffirmed an “outperform” rating on shares of WNS in a research note on Tuesday, July 16th. Raymond James reaffirmed a “reduce” rating and set a $48.00 price objective (up from $45.00) on shares of Hancock Whitney in a research note on Wednesday. BidaskClub lowered shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Saturday, June 15th. Finally, Jefferies Financial Group upped their price objective on shares of T. Rowe Price Group from $103.00 to $119.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Three investment analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $89.13.

WTFC stock opened at $66.78 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.51. Wintrust Financial has a one year low of $61.53 and a one year high of $92.56. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 0.78 and a beta of 1.03. The firm’s 50-day moving average price is $71.32.

Several institutional investors and hedge funds have recently modified their holdings of WTFC. NumerixS Investment Technologies Inc acquired a new position in Wintrust Financial in the first quarter worth approximately $88,000. Quantamental Technologies LLC increased its holdings in Wintrust Financial by 196.8% in the first quarter. Quantamental Technologies LLC now owns 1,466 shares of the bank’s stock worth $99,000 after buying an additional 972 shares during the last quarter. Machina Capital S.A.S. acquired a new position in Wintrust Financial in the second quarter worth approximately $135,000. First Manhattan Co. acquired a new position in Wintrust Financial in the first quarter worth approximately $201,000. Finally, LPL Financial LLC increased its holdings in Wintrust Financial by 14.4% in the fourth quarter. LPL Financial LLC now owns 3,726 shares of the bank’s stock worth $248,000 after buying an additional 470 shares during the last quarter. Institutional investors own 89.01% of the company’s stock.

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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