Wintrust Financial Corporation to Post FY2016 Earnings of $3.61 Per Share, Jefferies Group Forecasts (WTFC)

Wintrust Financial Corporation (NASDAQ:WTFC) – Equities research analysts at Jefferies Group reduced their FY2016 earnings estimates for shares of Wintrust Financial Corporation in a research report issued on Monday. Jefferies Group analyst C. Haire now anticipates that the firm will post earnings of $3.61 per share for the year, down from their previous forecast of $3.65. Jefferies Group currently has a “Hold” rating and a $54.00 target price on the stock. Jefferies Group also issued estimates for Wintrust Financial Corporation’s FY2017 earnings at $3.80 EPS and FY2018 earnings at $4.20 EPS.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Tuesday, December 13th. SunTrust Banks, Inc. initiated coverage on Wintrust Financial Corporation in a research note on Tuesday, December 20th. They set a “hold” rating and a $77.00 price objective for the company. Finally, Keefe, Bruyette & Woods upgraded Wintrust Financial Corporation from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 29th. Seven analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $58.80.

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

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Wintrust Financial Corporation (NASDAQ:WTFC) traded up 0.194% on Wednesday, hitting $71.358. 120,132 shares of the company’s stock traded hands. Wintrust Financial Corporation has a 12 month low of $37.96 and a 12 month high of $74.47. The stock has a 50 day moving average price of $69.75 and a 200-day moving average price of $57.89. The stock has a market cap of $3.69 billion, a P/E ratio of 21.206 and a beta of 0.92.

Wintrust Financial Corporation (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, October 17th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The firm had revenue of $271.24 million for the quarter, compared to the consensus estimate of $264.11 million. Wintrust Financial Corporation had a net margin of 17.23% and a return on equity of 8.46%. The business’s revenue was up 17.7% compared to the same quarter last year. During the same period last year, the firm posted $0.69 earnings per share.

Several hedge funds and other institutional investors have recently bought and sold shares of WTFC. LS Investment Advisors LLC increased its position in Wintrust Financial Corporation by 8.3% in the third quarter. LS Investment Advisors LLC now owns 1,898 shares of the company’s stock worth $105,000 after buying an additional 146 shares in the last quarter. Victory Capital Management Inc. increased its position in Wintrust Financial Corporation by 77.5% in the second quarter. Victory Capital Management Inc. now owns 2,277 shares of the company’s stock worth $116,000 after buying an additional 994 shares in the last quarter. First Mercantile Trust Co. purchased a new position in Wintrust Financial Corporation during the third quarter worth approximately $167,000. PNC Financial Services Group Inc. increased its position in Wintrust Financial Corporation by 3.3% in the second quarter. PNC Financial Services Group Inc. now owns 3,585 shares of the company’s stock worth $183,000 after buying an additional 116 shares in the last quarter. Finally, Commonwealth Equity Services Inc purchased a new position in Wintrust Financial Corporation during the second quarter worth approximately $200,000. Hedge funds and other institutional investors own 92.16% of the company’s stock.

WARNING: “Wintrust Financial Corporation to Post FY2016 Earnings of $3.61 Per Share, Jefferies Group Forecasts (WTFC)” was first posted by BBNS and is the propert of of BBNS. If you are viewing this article on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The legal version of this article can be read at https://baseballnewssource.com/markets/wintrust-financial-corporation-to-post-fy2016-earnings-of-3-61-per-share-jefferies-group-forecasts-wtfc/344851.html.

In other news, Director Marla F. Glabe bought 900 shares of the stock in a transaction dated Thursday, October 20th. The stock was purchased at an average cost of $55.00 per share, for a total transaction of $49,500.00. Following the transaction, the director now owns 3,771 shares of the company’s stock, valued at $207,405. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David L. Stoehr sold 7,252 shares of the stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $55.00, for a total value of $398,860.00. Following the transaction, the insider now owns 8,038 shares of the company’s stock, valued at $442,090. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Wintrust Financial Corporation 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 provides community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries (the banks).

5 Day Chart for NASDAQ:WTFC

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