Equities research analysts expect Wintrust Financial Corp (NASDAQ:WTFC) to announce earnings per share of $1.58 for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Wintrust Financial’s earnings, with the lowest EPS estimate coming in at $1.48 and the highest estimate coming in at $1.64. Wintrust Financial posted earnings of $1.35 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 17%. The business is scheduled to report its next quarterly earnings results on Tuesday, January 28th.
On average, analysts expect that Wintrust Financial will report full-year earnings of $6.15 per share for the current financial year, with EPS estimates ranging from $6.05 to $6.24. For the next year, analysts anticipate that the company will report earnings of $6.20 per share, with EPS estimates ranging from $5.67 to $6.66. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Wintrust Financial.
Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.07. The firm had revenue of $380.00 million during the quarter, compared to analysts’ expectations of $374.98 million. Wintrust Financial had a return on equity of 10.65% and a net margin of 20.24%. Wintrust Financial’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.57 earnings per share.
Several equities analysts recently issued reports on the company. UBS Group reduced their price objective on Wintrust Financial from $72.00 to $67.00 and set a “neutral” rating for the company in a report on Monday, October 21st. BidaskClub downgraded Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Wedbush lowered their price objective on Wintrust Financial from $74.00 to $71.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. ValuEngine raised Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Raymond James downgraded Wintrust Financial from a “strong-buy” rating to an “outperform” rating in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $77.14.
Shares of WTFC stock opened at $65.82 on Friday. The stock has a fifty day moving average price of $64.31 and a 200 day moving average price of $68.91. The stock has a market cap of $3.66 billion, a PE ratio of 11.23 and a beta of 1.08. Wintrust Financial has a 1 year low of $59.34 and a 1 year high of $79.63. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.99 and a current ratio of 1.00.
Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC grew its position in Wintrust Financial by 208.6% during the second quarter. SG Americas Securities LLC now owns 19,735 shares of the bank’s stock valued at $1,444,000 after acquiring an additional 13,341 shares during the period. Bailard Inc. acquired a new position in shares of Wintrust Financial during the second quarter worth about $446,000. State Board of Administration of Florida Retirement System lifted its stake in shares of Wintrust Financial by 9.1% during the second quarter. State Board of Administration of Florida Retirement System now owns 54,008 shares of the bank’s stock worth $3,951,000 after purchasing an additional 4,506 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Wintrust Financial by 1,252.7% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 83,568 shares of the bank’s stock worth $6,114,000 after purchasing an additional 77,390 shares in the last quarter. Finally, Atria Investments LLC acquired a new position in shares of Wintrust Financial during the second quarter worth about $559,000. 88.05% of the stock is owned by hedge funds and other institutional investors.
Wintrust Financial Company Profile
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), Internet banking, and other services.
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