Wintrust Financial Co. (NASDAQ:WTFC) shares reached a new 52-week high and low during mid-day trading on Tuesday following a better than expected earnings announcement. The company traded as low as $92.00 and last traded at $91.38, with a volume of 254132 shares. The stock had previously closed at $89.14.

The bank reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.12. The firm had revenue of $310.76 million for the quarter, compared to analyst estimates of $302.62 million. Wintrust Financial had a return on equity of 9.49% and a net margin of 20.35%. Wintrust Financial’s revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.00 earnings per share.

How to Become a New Pot Stock Millionaire

WTFC has been the topic of a number of research analyst reports. BidaskClub raised Wintrust Financial from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. FIG Partners lowered Wintrust Financial from an “outperform” rating to a “market perform” rating in a report on Monday, March 12th. UBS initiated coverage on Wintrust Financial in a report on Thursday, March 22nd. They set a “neutral” rating and a $93.00 target price on the stock. Piper Jaffray reaffirmed a “hold” rating and set a $86.00 target price on shares of Wintrust Financial in a report on Tuesday, January 9th. Finally, Zacks Investment Research lowered Wintrust Financial from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $92.20.

In related news, EVP David A. Dykstra sold 11,235 shares of Wintrust Financial stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.56, for a total value of $983,736.60. Following the transaction, the executive vice president now owns 39,365 shares of the company’s stock, valued at approximately $3,446,799.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward J. Wehmer sold 14,173 shares of Wintrust Financial stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.66, for a total value of $1,242,405.18. Following the completion of the transaction, the insider now directly owns 134,864 shares in the company, valued at approximately $11,822,178.24. The disclosure for this sale can be found here. In the last three months, insiders purchased 21 shares of company stock worth $1,170 and sold 30,676 shares worth $2,687,566. Company insiders own 1.57% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in WTFC. Cerebellum GP LLC purchased a new position in Wintrust Financial during the 4th quarter valued at about $126,000. Trust Co. of Toledo NA OH purchased a new position in Wintrust Financial during the 4th quarter valued at about $200,000. Magnetar Financial LLC purchased a new position in Wintrust Financial during the 3rd quarter valued at about $204,000. Brown Advisory Inc. purchased a new position in Wintrust Financial during the 4th quarter valued at about $213,000. Finally, Castleark Management LLC purchased a new position in Wintrust Financial during the 4th quarter valued at about $231,000. 90.94% of the stock is currently owned by institutional investors.

The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.43. The company has a market cap of $4,939.32, a price-to-earnings ratio of 20.26, a PEG ratio of 1.17 and a beta of 0.83.

ILLEGAL ACTIVITY WARNING: This report was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.dailypolitical.com/2018/04/17/wintrust-financial-wtfc-hits-new-1-year-high-and-low-after-strong-earnings.html.

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.

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.