Wintrust Financial (WTFC) Announces Earnings Results
Wintrust Financial (NASDAQ:WTFC) announced its quarterly earnings data on Monday. The bank reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.12, Briefing.com reports. The company had revenue of $310.76 million during the quarter, compared to the consensus estimate of $302.62 million. Wintrust Financial had a net margin of 20.35% and a return on equity of 9.49%. Wintrust Financial’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.00 EPS.
Shares of NASDAQ WTFC opened at $89.14 on Tuesday. The stock has a market capitalization of $4,939.32, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 1.17 and a beta of 0.83. Wintrust Financial has a 52 week low of $64.14 and a 52 week high of $91.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.01.
A number of research firms have recently weighed in on WTFC. Zacks Investment Research raised shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research note on Saturday. Piper Jaffray reaffirmed a “hold” rating and set a $91.00 price target on shares of Wintrust Financial in a research note on Friday, April 6th. BidaskClub raised shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. UBS began coverage on shares of Wintrust Financial in a research note on Thursday, March 22nd. They set a “neutral” rating and a $93.00 price target on the stock. Finally, FIG Partners cut shares of Wintrust Financial from an “outperform” rating to a “market perform” rating in a research note on Monday, March 12th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $91.10.
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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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