Wintrust Financial (NASDAQ:WTFC) Issues Quarterly Earnings Results, Misses Estimates By $0.14 EPS

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Wintrust Financial (NASDAQ:WTFC) posted its quarterly earnings results on Tuesday. The bank reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.14), Briefing.com reports. The firm had revenue of $374.10 million for the quarter, compared to analysts’ expectations of $375.76 million. Wintrust Financial had a return on equity of 10.50% and a net margin of 19.85%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.35 earnings per share.

Shares of WTFC opened at $64.71 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.50. The firm’s 50-day moving average is $69.50 and its two-hundred day moving average is $66.73. Wintrust Financial has a twelve month low of $59.34 and a twelve month high of $78.25. The firm has a market capitalization of $3.72 billion, a P/E ratio of 10.73 and a beta of 1.11.

Several research analysts recently issued reports on WTFC shares. Zacks Investment Research raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a report on Saturday, October 26th. Wedbush cut their price target on shares of Wintrust Financial from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Wednesday. Keefe, Bruyette & Woods cut shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $79.00 to $70.00 in a report on Wednesday. Raymond James cut their price target on shares of Wintrust Financial from $78.00 to $73.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Stephens cut their price target on shares of Wintrust Financial from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $74.90.

In related news, Director Gary D. Sweeney bought 786 shares of the stock in a transaction on Thursday, October 31st. The shares were bought at an average cost of $63.60 per share, for a total transaction of $49,989.60. Following the completion of the transaction, the director now owns 5,178 shares of the company’s stock, valued at approximately $329,320.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.58% 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.

Featured Article: Diluted Earnings Per Share

Earnings History for Wintrust Financial (NASDAQ:WTFC)

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