SunTrust Banks Comments on Wintrust Financial Corp’s Q1 2018 Earnings (WTFC)
Wintrust Financial Corp (NASDAQ:WTFC) – Analysts at SunTrust Banks raised their Q1 2018 earnings estimates for Wintrust Financial in a research report issued on Monday. SunTrust Banks analyst M. Young now anticipates that the bank will post earnings per share of $1.41 for the quarter, up from their previous estimate of $1.17. SunTrust Banks currently has a “Hold” rating and a $94.00 target price on the stock. SunTrust Banks also issued estimates for Wintrust Financial’s Q2 2018 earnings at $1.45 EPS, Q3 2018 earnings at $1.50 EPS, Q4 2018 earnings at $1.49 EPS, FY2018 earnings at $5.85 EPS and FY2019 earnings at $6.49 EPS.
Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.04. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. The business had revenue of $295.70 million during the quarter, compared to the consensus estimate of $298.96 million. During the same quarter in the previous year, the firm earned $0.92 EPS. The company’s revenue was up 9.0% compared to the same quarter last year.
Other research analysts have also issued research reports about the stock. BidaskClub upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a report on Thursday. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $86.00 price objective on shares of Wintrust Financial in a research report on Tuesday. Zacks Investment Research raised shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Saturday, January 6th. ValuEngine upgraded Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $90.00 price target on shares of Wintrust Financial in a research report on Thursday, December 14th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $86.88.
Shares of Wintrust Financial (NASDAQ WTFC) traded up $0.86 during midday trading on Wednesday, reaching $87.46. 328,200 shares of the company were exchanged, compared to its average volume of 360,275. The firm has a market cap of $4,890.00, a PE ratio of 20.97, a price-to-earnings-growth ratio of 1.23 and a beta of 0.83. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.01. Wintrust Financial has a 12-month low of $64.14 and a 12-month high of $87.68.
A number of hedge funds have recently modified their holdings of WTFC. Janus Henderson Group PLC bought a new stake in Wintrust Financial during the 2nd quarter worth $63,086,000. BlackRock Inc. grew its position in Wintrust Financial by 6.3% during the 2nd quarter. BlackRock Inc. now owns 6,492,888 shares of the bank’s stock worth $496,316,000 after acquiring an additional 382,791 shares during the last quarter. Northern Trust Corp grew its position in Wintrust Financial by 33.2% during the 2nd quarter. Northern Trust Corp now owns 1,403,270 shares of the bank’s stock worth $107,265,000 after acquiring an additional 349,965 shares during the last quarter. Vanguard Group Inc. grew its position in Wintrust Financial by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock worth $350,607,000 after acquiring an additional 327,529 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Wintrust Financial by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,637,332 shares of the bank’s stock worth $127,646,000 after acquiring an additional 257,613 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.
In related news, CEO Edward J. Wehmer sold 9,000 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $79.91, for a total transaction of $719,190.00. Following the sale, the chief executive officer now owns 121,873 shares in the company, valued at approximately $9,738,871.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas P. Zidar sold 3,178 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $80.00, for a total value of $254,240.00. Following the sale, the insider now owns 31,239 shares in the company, valued at approximately $2,499,120. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,500 shares of company stock valued at $3,563,512. 1.97% of the stock is currently owned by insiders.
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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