Wintrust Financial Corp. (NASDAQ:WTFC) – Investment analysts at Jefferies Group lifted their FY2017 EPS estimates for Wintrust Financial Corp. in a research note issued to investors on Friday. Jefferies Group analyst E. Harmon now expects that the firm will post earnings of $3.80 per share for the year, up from their previous estimate of $3.75. Jefferies Group also issued estimates for Wintrust Financial Corp.’s FY2018 earnings at $4.10 EPS.
WTFC has been the topic of several other research reports. Zacks Investment Research lowered Wintrust Financial Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday. Hovde Group initiated coverage on Wintrust Financial Corp. in a research note on Wednesday, August 24th. They issued a “market perform” rating and a $59.00 target price on the stock. Finally, Piper Jaffray Cos. reissued a “neutral” rating and issued a $53.00 target price (up previously from $52.00) on shares of Wintrust Financial Corp. in a research note on Sunday, July 24th. Nine research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $53.10.
Shares of Wintrust Financial Corp. (NASDAQ:WTFC) traded down 0.25% during midday trading on Monday, hitting $55.63. The company had a trading volume of 73,595 shares. The firm’s 50-day moving average is $55.22 and its 200-day moving average is $51.89. The firm has a market capitalization of $2.87 billion, a P/E ratio of 17.76 and a beta of 0.86. Wintrust Financial Corp. has a 12-month low of $37.96 and a 12-month high of $56.68.
Wintrust Financial Corp. (NASDAQ:WTFC) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.04. Wintrust Financial Corp. had a return on equity of 8.27% and a net margin of 16.55%. During the same period in the previous year, the business posted $0.85 earnings per share.
In related news, insider Richard B. Murphy sold 1,293 shares of Wintrust Financial Corp. stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $52.71, for a total value of $68,154.03. Following the sale, the insider now owns 28,445 shares of the company’s stock, valued at approximately $1,499,335.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Wintrust Financial Corp. by 28.0% in the first quarter. BlackRock Inc. now owns 8,144 shares of the company’s stock worth $361,000 after buying an additional 1,783 shares in the last quarter. BlackRock Group LTD increased its position in Wintrust Financial Corp. by 15.3% in the first quarter. BlackRock Group LTD now owns 88,047 shares of the company’s stock worth $3,904,000 after buying an additional 11,660 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Wintrust Financial Corp. by 22.7% in the second quarter. BNP Paribas Arbitrage SA now owns 34,262 shares of the company’s stock worth $1,747,000 after buying an additional 6,344 shares in the last quarter. Loomis Sayles & Co. L P increased its position in Wintrust Financial Corp. by 1.5% in the first quarter. Loomis Sayles & Co. L P now owns 422,224 shares of the company’s stock worth $18,721,000 after buying an additional 6,364 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Wintrust Financial Corp. by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,989,202 shares of the company’s stock worth $203,446,000 after buying an additional 46,930 shares in the last quarter. 91.90% of the stock is currently owned by institutional investors and hedge funds.
About Wintrust Financial Corp.
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 provides community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries (the banks).
Receive News & Ratings for Wintrust Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.