FY2017 EPS Estimates for Wintrust Financial Corp Increased by SunTrust Banks (WTFC)

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.

A number of other equities research analysts have also issued reports on the stock. BidaskClub raised shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Piper Jaffray Companies reissued a “hold” rating and set a $86.00 target price on shares of Wintrust Financial in a research note on Tuesday, January 9th. Zacks Investment Research raised shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Saturday, January 6th. ValuEngine raised shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $90.00 target price on shares of Wintrust Financial in a research note on Thursday, December 14th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Wintrust Financial currently has an average rating of “Buy” and a consensus price target of $86.88.

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.

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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.

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

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