Brokers Offer Predictions for Wintrust Financial Corporation’s FY2017 Earnings (WTFC)

Wintrust Financial Corporation (NASDAQ:WTFC) – Stock analysts at Jefferies Group lifted their FY2017 earnings estimates for shares of Wintrust Financial Corporation in a research note issued to investors on Monday. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings of $4.37 per share for the year, up from their previous estimate of $4.35. Jefferies Group has a “Hold” rating and a $80.00 price objective on the stock. Jefferies Group also issued estimates for Wintrust Financial Corporation’s FY2018 earnings at $4.85 EPS and FY2019 earnings at $5.20 EPS.

Wintrust Financial Corporation (NASDAQ:WTFC) last posted its quarterly earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.12. The firm had revenue of $294.38 million for the quarter, compared to the consensus estimate of $279.69 million. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the firm posted $0.90 earnings per share. ILLEGAL ACTIVITY WARNING: “Brokers Offer Predictions for Wintrust Financial Corporation’s FY2017 Earnings (WTFC)” was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://stocknewstimes.com/2017/10/11/brokers-offer-predictions-for-wintrust-financial-corporations-fy2017-earnings-wtfc.html.

WTFC has been the topic of several other reports. Zacks Investment Research lowered shares of Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Piper Jaffray Companies reiterated a “hold” rating and issued a $74.00 price objective on shares of Wintrust Financial Corporation in a research report on Friday, September 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $82.00 price objective on shares of Wintrust Financial Corporation in a research report on Tuesday, August 22nd. Stephens lowered shares of Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 10th. Finally, Hovde Group reiterated a “market perform” rating and issued a $80.00 price objective (up from $76.50) on shares of Wintrust Financial Corporation in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $81.13.

Wintrust Financial Corporation (NASDAQ WTFC) opened at 78.97 on Tuesday. The stock has a market capitalization of $4.41 billion, a P/E ratio of 19.92 and a beta of 0.83. The stock has a 50 day moving average of $73.86 and a 200 day moving average of $73.08. Wintrust Financial Corporation has a 1-year low of $51.66 and a 1-year high of $80.52.

In other news, Director Gary D. Sweeney bought 485 shares of Wintrust Financial Corporation stock in a transaction on Friday, July 21st. The shares were bought at an average cost of $77.12 per share, for a total transaction of $37,403.20. Following the acquisition, the director now owns 2,186 shares in the company, valued at $168,584.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David A. Dykstra sold 26,861 shares of the company’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $76.82, for a total transaction of $2,063,462.02. Following the completion of the transaction, the executive vice president now owns 185,651 shares in the company, valued at $14,261,709.82. The disclosure for this sale can be found here. 1.97% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Wintrust Financial Corporation by 6.3% in the 2nd quarter. BlackRock Inc. now owns 6,492,888 shares of the bank’s stock valued at $496,316,000 after purchasing an additional 382,791 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Wintrust Financial Corporation by 7.7% in the 2nd quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock valued at $350,607,000 after purchasing an additional 327,529 shares in the last quarter. State Street Corp lifted its holdings in Wintrust Financial Corporation by 5.9% in the 2nd quarter. State Street Corp now owns 3,031,640 shares of the bank’s stock valued at $231,743,000 after purchasing an additional 168,386 shares in the last quarter. Northern Trust Corp lifted its holdings in Wintrust Financial Corporation by 33.2% in the 2nd quarter. Northern Trust Corp now owns 1,403,270 shares of the bank’s stock valued at $107,265,000 after purchasing an additional 349,965 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in Wintrust Financial Corporation by 4.6% in the 2nd quarter. Jennison Associates LLC now owns 1,176,922 shares of the bank’s stock valued at $89,964,000 after purchasing an additional 52,161 shares in the last quarter. Institutional investors own 90.65% of the company’s stock.

About Wintrust Financial Corporation

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.

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

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