Wintrust Financial Corp. (NASDAQ:WTFC) – Stock analysts at Jefferies Group issued their Q1 2017 earnings per share (EPS) estimates for Wintrust Financial Corp. in a research note issued to investors on Tuesday. Jefferies Group analyst E. Harmon anticipates that the firm will post earnings per share of $0.86 for the quarter. Jefferies Group also issued estimates for Wintrust Financial Corp.’s Q2 2017 earnings at $0.93 EPS, Q3 2017 earnings at $0.98 EPS and Q4 2017 earnings at $1.04 EPS.
Several other analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Wintrust Financial Corp. from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Tuesday, August 16th. Hovde Group started coverage on shares of Wintrust Financial Corp. in a report on Wednesday, August 24th. They issued a “market perform” rating and a $59.00 price target on the stock. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $53.00 price target (up from $52.00) on shares of Wintrust Financial Corp. in a report on Sunday, July 24th. Nine investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Wintrust Financial Corp. currently has a consensus rating of “Hold” and a consensus target price of $53.10.
Shares of Wintrust Financial Corp. (NASDAQ:WTFC) traded down 2.56% during mid-day trading on Thursday, hitting $54.14. 144,040 shares of the stock traded hands. The stock has a market cap of $2.80 billion, a P/E ratio of 17.28 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. The firm’s 50 day moving average price is $55.25 and its 200-day moving average price is $51.92.
Wintrust Financial Corp. (NASDAQ:WTFC) last issued its earnings results on Tuesday, July 19th. The company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.04. Wintrust Financial Corp. had a net margin of 16.55% and a return on equity of 8.27%. During the same period in the prior year, the business earned $0.85 EPS.
Several institutional investors have recently added to or reduced their stakes in WTFC. Vanguard Group Inc. raised its position in Wintrust Financial Corp. by 10.4% in the second quarter. Vanguard Group Inc. now owns 4,042,961 shares of the company’s stock valued at $206,191,000 after buying an additional 382,273 shares in the last quarter. Dimensional Fund Advisors LP raised 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 valued at $203,446,000 after buying an additional 46,930 shares in the last quarter. BlackRock Fund Advisors raised its position in Wintrust Financial Corp. by 8.3% in the second quarter. BlackRock Fund Advisors now owns 3,365,629 shares of the company’s stock valued at $171,647,000 after buying an additional 258,723 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Wintrust Financial Corp. by 6.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,712,718 shares of the company’s stock valued at $87,349,000 after buying an additional 103,103 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in Wintrust Financial Corp. by 1.1% in the third quarter. Fisher Asset Management LLC now owns 1,327,587 shares of the company’s stock valued at $73,774,000 after buying an additional 14,269 shares in the last quarter. Institutional investors and hedge funds own 91.90% of the company’s stock.
In other news, insider Richard B. Murphy sold 1,293 shares of the company’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $52.71, for a total transaction of $68,154.03. Following the completion of the transaction, the insider now owns 28,445 shares in the company, valued at $1,499,335.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.00% of the company’s stock.
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).
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