Wintrust Financial Corp (NASDAQ:WTFC) – Equities researchers at Wedbush issued their FY2019 earnings estimates for shares of Wintrust Financial in a report issued on Thursday. Wedbush analyst D. Chiaverini anticipates that the bank will post earnings of $6.30 per share for the year.

Other analysts have also recently issued reports about the stock. SunTrust Banks restated a “hold” rating and set a $88.00 target price on shares of Wintrust Financial in a research report on Wednesday, November 29th. Royal Bank of Canada restated a “buy” rating and set a $84.00 target price on shares of Wintrust Financial in a research report on Friday, September 8th. Zacks Investment Research cut shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. Keefe, Bruyette & Woods restated a “buy” rating and set a $90.00 target price on shares of Wintrust Financial in a research report on Thursday, December 14th. Finally, BidaskClub cut shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $84.88.

Shares of Wintrust Financial (NASDAQ WTFC) opened at $83.29 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40. The stock has a market cap of $4,590.74, a PE ratio of 19.97, a PEG ratio of 1.24 and a beta of 0.83. Wintrust Financial has a 1 year low of $64.14 and a 1 year high of $86.80.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.04. The firm had revenue of $295.70 million for the quarter, compared to analysts’ expectations of $298.96 million. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 EPS.

In related news, CEO Edward J. Wehmer sold 9,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $79.91, for a total transaction of $719,190.00. Following the transaction, the chief executive officer now directly owns 121,873 shares in the company, valued at approximately $9,738,871.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David A. Dykstra sold 22,476 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $79.86, for a total transaction of $1,794,933.36. Following the transaction, the executive vice president now owns 188,604 shares in the company, valued at $15,061,915.44. The disclosure for this sale can be found here. Insiders have sold a total of 44,500 shares of company stock worth $3,563,512 over the last quarter. 2.00% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Advisors Asset Management Inc. bought a new position in Wintrust Financial during the 2nd quarter valued at about $121,000. Meeder Asset Management Inc. bought a new position in Wintrust Financial during the 3rd quarter valued at about $183,000. Magnetar Financial LLC bought a new position in Wintrust Financial during the 3rd quarter valued at about $204,000. Csenge Advisory Group bought a new position in Wintrust Financial during the 3rd quarter valued at about $212,000. Finally, Adviser Investments LLC bought a new position in Wintrust Financial during the 3rd quarter valued at about $214,000. Institutional investors own 91.60% of the company’s stock.

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Wintrust Financial 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 offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.

Earnings History and Estimates for Wintrust Financial (NASDAQ:WTFC)

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