SunTrust Banks Weighs in on Wintrust Financial Corp’s Q1 2018 Earnings (NASDAQ:WTFC)

Wintrust Financial Corp (NASDAQ:WTFC) – Equities research analysts at SunTrust Banks lifted their Q1 2018 EPS estimates for shares of Wintrust Financial in a report issued on Monday, according to Zacks Investment Research. SunTrust Banks analyst M. Young now expects that the bank will post earnings per share of $1.41 for the quarter, up from their prior forecast of $1.17. 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 Q2 2018 earnings at $1.45 EPS, Q3 2018 earnings at $1.50 EPS, Q4 2018 earnings at $1.49 EPS, FY2018 earnings at $5.85 EPS and FY2019 earnings at $6.49 EPS.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The firm had revenue of $295.70 million for 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 for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 EPS.

Several other research analysts have also weighed in on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $84.00 price objective on shares of Wintrust Financial in a research note on Friday, October 20th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $90.00 price objective on shares of Wintrust Financial in a research note on Thursday, December 14th. BidaskClub lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Zacks Investment Research lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 18th. Finally, ValuEngine upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $86.88.

Wintrust Financial (NASDAQ WTFC) opened at $87.27 on Wednesday. The firm has a market cap of $4,892.73, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 1.19 and a beta of 0.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 0.99. Wintrust Financial has a 12 month low of $64.14 and a 12 month high of $88.54.

In other news, Director Gary D. Sweeney acquired 338 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was acquired at an average cost of $80.58 per share, with a total value of $27,236.04. Following the acquisition, the director now owns 2,973 shares in the company, valued at $239,564.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David A. Dykstra sold 22,476 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $79.86, for a total transaction of $1,794,933.36. Following the sale, the executive vice president now directly owns 188,604 shares of the company’s stock, valued at $15,061,915.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,500 shares of company stock worth $3,563,512. 1.97% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of WTFC. Schwab Charles Investment Management Inc. boosted its holdings in shares of Wintrust Financial by 4.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 290,354 shares of the bank’s stock worth $22,195,000 after buying an additional 12,868 shares during the period. Legal & General Group Plc boosted 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 valued at $4,545,000 after purchasing an additional 9,988 shares during the period. Principal Financial Group Inc. boosted 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 valued at $18,201,000 after purchasing an additional 25,798 shares during the period. Swiss National Bank boosted 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 valued at $6,610,000 after purchasing an additional 1,100 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in Wintrust Financial by 19.2% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 3,523 shares of the bank’s stock valued at $269,000 after purchasing an additional 567 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

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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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