Wintrust Financial Corporation (WTFC) Expected to Post Quarterly Sales of $298.47 Million
Equities analysts expect Wintrust Financial Corporation (NASDAQ:WTFC) to post sales of $298.47 million for the current quarter, according to Zacks. Six analysts have issued estimates for Wintrust Financial’s earnings, with the lowest sales estimate coming in at $294.40 million and the highest estimate coming in at $301.80 million. Wintrust Financial reported sales of $276.05 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.1%. The company is expected to issue its next quarterly earnings results on Wednesday, January 17th.
According to Zacks, analysts expect that Wintrust Financial will report full-year sales of $298.47 million for the current year, with estimates ranging from $1.14 billion to $1.16 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.25 billion per share, with estimates ranging from $1.23 billion to $1.26 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Wintrust Financial.
Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.04. The company had revenue of $295.70 million during the quarter, compared to analysts’ expectations of $298.96 million. Wintrust Financial had a return on equity of 9.32% and a net margin of 19.74%. Wintrust Financial’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 EPS.
WTFC has been the subject of several analyst reports. Zacks Investment Research cut Wintrust Financial from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Royal Bank Of Canada restated a “buy” rating and set a $84.00 target price on shares of Wintrust Financial in a report on Friday, October 20th. Piper Jaffray Companies restated a “hold” rating and set a $74.00 target price on shares of Wintrust Financial in a report on Friday, September 1st. SunTrust Banks set a $79.00 price objective on Wintrust Financial and gave the stock a “hold” rating in a report on Thursday, October 19th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Wintrust Financial in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Wintrust Financial presently has an average rating of “Hold” and an average price target of $82.50.
In other Wintrust Financial news, EVP David A. Dykstra sold 22,476 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $79.86, for a total value of $1,794,933.36. Following the completion of the sale, the executive vice president now owns 188,604 shares in the company, valued at approximately $15,061,915.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Edward J. Wehmer sold 9,000 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $79.91, for a total value of $719,190.00. Following the completion of the sale, the chief executive officer now owns 121,873 shares of the company’s stock, valued at approximately $9,738,871.43. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,500 shares of company stock valued at $3,563,512. Company insiders own 2.00% of the company’s stock.
Large investors have recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new position in shares of Wintrust Financial in the 2nd quarter worth approximately $121,000. Meeder Asset Management Inc. bought a new position in shares of Wintrust Financial in the 3rd quarter worth approximately $183,000. Magnetar Financial LLC bought a new position in shares of Wintrust Financial in the 3rd quarter worth approximately $204,000. Csenge Advisory Group bought a new position in shares of Wintrust Financial in the 3rd quarter worth approximately $212,000. Finally, Adviser Investments LLC bought a new position in shares of Wintrust Financial in the 3rd quarter worth approximately $214,000. 91.68% of the stock is owned by hedge funds and other institutional investors.
Shares of Wintrust Financial (NASDAQ:WTFC) opened at $83.57 on Friday. The firm has a market capitalization of $4,689.16, a PE ratio of 20.11, a P/E/G ratio of 1.42 and a beta of 0.83. Wintrust Financial has a fifty-two week low of $64.14 and a fifty-two week high of $86.40. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Thursday, November 9th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.67%. The ex-dividend date was Wednesday, November 8th. Wintrust Financial’s dividend payout ratio (DPR) is currently 13.43%.
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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