Jefferies Group Weighs in on Wintrust Financial Corp.’s FY2016 Earnings (WTFC)
Wintrust Financial Corp. (NASDAQ:WTFC) – Investment analysts at Jefferies Group increased their FY2016 EPS estimates for shares of Wintrust Financial Corp. in a research report issued to clients and investors on Tuesday. Jefferies Group analyst E. Harmon now anticipates that the firm will post earnings per share of $3.64 for the year, up from their previous estimate of $3.58. Jefferies Group also issued estimates for Wintrust Financial Corp.’s Q4 2016 earnings at $0.93 EPS.
Wintrust Financial Corp. (NASDAQ:WTFC) last announced its earnings results on Tuesday, July 19th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.04. Wintrust Financial Corp. had a return on equity of 8.27% and a net margin of 16.55%. During the same quarter in the prior year, the company posted $0.85 EPS.
Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded Wintrust Financial Corp. from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Tuesday, August 16th. Hovde Group assumed coverage on Wintrust Financial Corp. in a research note on Wednesday, August 24th. They set a “market perform” rating and a $59.00 price target on the stock. Finally, Piper Jaffray Cos. restated a “neutral” rating and set a $53.00 price target (up from $52.00) on shares of Wintrust Financial Corp. in a research note on Sunday, July 24th. Nine equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $53.10.
Shares of Wintrust Financial Corp. (NASDAQ:WTFC) opened at 54.17 on Friday. The company has a market cap of $2.80 billion, a P/E ratio of 17.29 and a beta of 0.86. Wintrust Financial Corp. has a 52 week low of $37.96 and a 52 week high of $56.68. The firm’s 50-day moving average price is $55.21 and its 200 day moving average price is $52.01.
A number of large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in Wintrust Financial Corp. 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 during the period. First Mercantile Trust Co. acquired a new stake in Wintrust Financial Corp. during the third quarter worth approximately $167,000. PNC Financial Services Group Inc. raised its stake in Wintrust Financial Corp. 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 during the period. Commonwealth Equity Services Inc acquired a new stake in Wintrust Financial Corp. during the second quarter worth approximately $200,000. Finally, Shelton Capital Management acquired a new stake in Wintrust Financial Corp. during the second quarter worth approximately $207,000. Institutional investors and hedge funds own 91.90% of the company’s stock.
In related news, insider Richard B. Murphy sold 1,293 shares of the stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $52.71, for a total transaction of $68,154.03. Following the sale, the insider now directly owns 28,445 shares in the company, valued at approximately $1,499,335.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.
Wintrust Financial Corp. 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).
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