Wintrust Financial Corp (WTFC) Expected to Post Quarterly Sales of $343.01 Million

Wall Street brokerages forecast that Wintrust Financial Corp (NASDAQ:WTFC) will announce sales of $343.01 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Wintrust Financial’s earnings, with estimates ranging from $338.00 million to $348.00 million. Wintrust Financial posted sales of $310.76 million in the same quarter last year, which suggests a positive year over year growth rate of 10.4%. The business is expected to report its next earnings results after the market closes on Monday, April 15th.

On average, analysts expect that Wintrust Financial will report full-year sales of $1.45 billion for the current financial year, with estimates ranging from $1.42 billion to $1.47 billion. For the next financial year, analysts expect that the firm will post sales of $1.54 billion, with estimates ranging from $1.52 billion to $1.56 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Wintrust Financial.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Tuesday, January 22nd. The bank reported $1.35 EPS for the quarter, missing the Zacks’ consensus estimate of $1.57 by ($0.22). Wintrust Financial had a net margin of 22.47% and a return on equity of 11.36%. The firm had revenue of $329.40 million for the quarter, compared to analysts’ expectations of $344.46 million. During the same quarter in the previous year, the company earned $1.17 EPS.

A number of analysts have weighed in on WTFC shares. BidaskClub raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Tuesday, December 25th. Piper Jaffray Companies upgraded shares of Wintrust Financial from a “neutral” rating to an “overweight” rating in a report on Monday, January 7th. Finally, Jefferies Financial Group upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $93.57.

In other news, EVP Thomas P. Zidar sold 3,482 shares of the company’s stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $72.62, for a total transaction of $252,862.84. Following the completion of the transaction, the executive vice president now owns 31,016 shares of the company’s stock, valued at approximately $2,252,381.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Timothy Crane sold 2,097 shares of the company’s stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $72.82, for a total transaction of $152,703.54. Following the transaction, the insider now directly owns 18,433 shares of the company’s stock, valued at approximately $1,342,291.06. The disclosure for this sale can be found here. Insiders own 1.57% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of WTFC. Federated Investors Inc. PA raised its position in shares of Wintrust Financial by 964.3% during the 3rd quarter. Federated Investors Inc. PA now owns 1,060,333 shares of the bank’s stock valued at $90,064,000 after acquiring an additional 960,708 shares in the last quarter. Citigroup Inc. increased its position in Wintrust Financial by 342.2% in the fourth quarter. Citigroup Inc. now owns 726,076 shares of the bank’s stock worth $48,276,000 after buying an additional 561,875 shares during the period. Millennium Management LLC increased its position in Wintrust Financial by 36.6% in the fourth quarter. Millennium Management LLC now owns 1,923,590 shares of the bank’s stock worth $127,899,000 after buying an additional 515,719 shares during the period. Norges Bank acquired a new stake in Wintrust Financial in the fourth quarter worth $32,691,000. Finally, Copper Rock Capital Partners LLC acquired a new stake in Wintrust Financial in the first quarter worth $14,068,000. 90.04% of the stock is owned by institutional investors.

WTFC stock traded up $1.73 during midday trading on Friday, reaching $75.24. 19,989 shares of the company were exchanged, compared to its average volume of 499,609. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.39. Wintrust Financial has a 1-year low of $61.53 and a 1-year high of $99.96. The stock has a market cap of $4.11 billion, a P/E ratio of 12.79, a PEG ratio of 0.82 and a beta of 0.93.

About Wintrust Financial

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.

Further Reading: Why investors pay attention to retained earnings

Get a free copy of the Zacks research report on Wintrust Financial (WTFC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.