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.

TRADEMARK VIOLATION WARNING: “SunTrust Banks Comments on Wintrust Financial Corp’s Q1 2018 Earnings (WTFC)” was first posted by Daily Political and is owned by of Daily Political. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://www.dailypolitical.com/2018/01/12/suntrust-banks-comments-on-wintrust-financial-corps-q1-2018-earnings-wtfc.html.

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.

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

Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.com's FREE daily email newsletter.