Wintrust Financial Corp (NASDAQ:WTFC) – Equities research analysts at SunTrust Banks raised their FY2017 EPS estimates for shares of Wintrust Financial in a research note issued to investors on Monday, according to Zacks Investment Research. SunTrust Banks analyst M. Young now expects that the bank will post earnings of $4.38 per share for the year, up from their previous estimate of $4.37. SunTrust Banks currently has a “Hold” rating and a $94.00 target price on the stock. SunTrust Banks also issued estimates for Wintrust Financial’s Q4 2017 earnings at $1.15 EPS.
Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.04. The firm had revenue of $295.70 million during the quarter, compared to analyst estimates of $298.96 million. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $0.92 EPS.
Shares of Wintrust Financial (NASDAQ:WTFC) opened at $87.27 on Tuesday. The stock has a market cap of $4,892.73, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 1.19 and a beta of 0.83. Wintrust Financial has a 52 week low of $64.14 and a 52 week high of $88.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.01.
A number of institutional investors and hedge funds have recently made changes to their positions in WTFC. Schwab Charles Investment Management Inc. raised its holdings in Wintrust Financial by 4.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 290,354 shares of the bank’s stock worth $22,195,000 after acquiring an additional 12,868 shares during the period. Advisors Asset Management Inc. bought a new position in Wintrust Financial in the 2nd quarter worth $121,000. Legal & General Group Plc raised its holdings in Wintrust Financial by 20.2% in the 2nd quarter. Legal & General Group Plc now owns 59,441 shares of the bank’s stock worth $4,545,000 after acquiring an additional 9,988 shares during the period. Principal Financial Group Inc. raised its holdings in Wintrust Financial by 12.2% in the 2nd quarter. Principal Financial Group Inc. now owns 238,107 shares of the bank’s stock worth $18,201,000 after acquiring an additional 25,798 shares during the period. Finally, Swiss National Bank raised its holdings in Wintrust Financial by 1.3% in the 2nd quarter. Swiss National Bank now owns 86,467 shares of the bank’s stock worth $6,610,000 after acquiring an additional 1,100 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.
In related news, CEO Edward J. Wehmer sold 9,000 shares of Wintrust Financial stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $79.91, for a total value of $719,190.00. Following the completion of the sale, the chief executive officer now owns 121,873 shares of the company’s stock, valued at approximately $9,738,871.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP David A. Dykstra sold 22,476 shares of Wintrust Financial stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $79.86, for a total transaction of $1,794,933.36. Following the completion of the sale, the executive vice president now directly owns 188,604 shares of the company’s stock, valued at approximately $15,061,915.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,500 shares of company stock valued at $3,563,512. 1.97% of the stock is owned by company insiders.
TRADEMARK VIOLATION NOTICE: This story was first posted by BBNS and is the property of of BBNS. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://baseballnewssource.com/markets/fy2017-eps-estimates-for-wintrust-financial-corp-raised-by-suntrust-banks-wtfc/1821905.html.
Wintrust Financial Company Profile
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.