Wintrust Financial Corp. (NASDAQ:WTFC) – Stock analysts at Jefferies Group raised their FY2016 earnings estimates for shares of Wintrust Financial Corp. in a research report issued to clients and investors on Tuesday. Jefferies Group analyst E. Harmon now forecasts that the brokerage will post earnings of $3.64 per share for the year, up from their prior estimate of $3.58. Jefferies Group also issued estimates for Wintrust Financial Corp.’s Q4 2016 earnings at $0.93 EPS.
A number of other research firms also recently weighed in on WTFC. Zacks Investment Research downgraded shares of Wintrust Financial Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $53.00 price objective (up previously from $52.00) on shares of Wintrust Financial Corp. in a report on Sunday, July 24th. Finally, 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 objective for the company. Nine analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Wintrust Financial Corp. currently has an average rating of “Hold” and a consensus target price of $53.10.
Wintrust Financial Corp. (NASDAQ:WTFC) traded up 0.195% during trading on Friday, hitting $54.085. 113,813 shares of the stock were exchanged. The stock’s 50 day moving average is $55.24 and its 200-day moving average is $51.94. Wintrust Financial Corp. has a one year low of $37.96 and a one year high of $56.68. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 17.263 and a beta of 0.86.
Wintrust Financial Corp. (NASDAQ:WTFC) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $0.90 earnings per share for the quarter, topping the Zacks’ 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 quarter in the previous year, the firm posted $0.85 EPS.
A number of large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake in shares of Wintrust Financial Corp. by 77.5% in the second quarter. Victory Capital Management Inc. now owns 2,277 shares of the company’s stock worth $116,000 after buying an additional 994 shares in the last quarter. First Mercantile Trust Co. bought a new stake in shares of Wintrust Financial Corp. during the third quarter worth $167,000. PNC Financial Services Group Inc. boosted its stake in shares of Wintrust Financial Corp. by 3.3% in the second quarter. PNC Financial Services Group Inc. now owns 3,585 shares of the company’s stock worth $183,000 after buying an additional 116 shares in the last quarter. Commonwealth Equity Services Inc bought a new stake in shares of Wintrust Financial Corp. during the second quarter worth $200,000. Finally, Shelton Capital Management bought a new stake in shares of Wintrust Financial Corp. during the second quarter worth $207,000. Institutional investors own 91.90% of the company’s stock.
In other Wintrust Financial Corp. news, insider Richard B. Murphy sold 1,293 shares of the firm’s stock in a transaction 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 directly owns 28,445 shares in the company, valued at $1,499,335.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is owned by company insiders.
Wintrust Financial Corp. 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 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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