Wintrust Financial Corp Expected to Earn Q2 2019 Earnings of $1.67 Per Share (WTFC)

Wintrust Financial Corp (NASDAQ:WTFC) – Analysts at Jefferies Financial Group lifted their Q2 2019 earnings estimates for shares of Wintrust Financial in a note issued to investors on Tuesday, April 16th, Zacks Investment Research reports. Jefferies Financial Group analyst C. Haire now anticipates that the bank will post earnings per share of $1.67 for the quarter, up from their previous forecast of $1.66. Jefferies Financial Group currently has a “Buy” rating on the stock.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, April 15th. The bank reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Wintrust Financial had a return on equity of 11.28% and a net margin of 21.95%. The business had revenue of $343.64 million during the quarter, compared to the consensus estimate of $345.03 million. During the same quarter in the previous year, the firm earned $1.40 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year.

A number of other equities research analysts have also issued reports on the stock. BidaskClub upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Wedbush boosted their price target on shares of Wintrust Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Piper Jaffray Companies set a $93.00 price target on shares of Wintrust Financial and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, Zacks Investment Research upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Wintrust Financial currently has an average rating of “Buy” and an average target price of $91.50.

Shares of NASDAQ WTFC traded up $0.13 during midday trading on Friday, reaching $74.62. The company’s stock had a trading volume of 213,196 shares, compared to its average volume of 344,009. Wintrust Financial has a one year low of $61.53 and a one year high of $99.96. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.99 and a quick ratio of 0.98. The company has a market capitalization of $4.23 billion, a P/E ratio of 12.73, a PEG ratio of 0.84 and a beta of 0.97.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Wednesday, May 8th. Wintrust Financial’s payout ratio is presently 17.06%.

A number of institutional investors and hedge funds have recently made changes to their positions in WTFC. Federated Investors Inc. PA grew its position in Wintrust Financial by 964.3% during the third quarter. Federated Investors Inc. PA now owns 1,060,333 shares of the bank’s stock valued at $90,064,000 after purchasing an additional 960,708 shares in the last quarter. Citigroup Inc. grew its position in Wintrust Financial by 342.2% during the fourth quarter. Citigroup Inc. now owns 726,076 shares of the bank’s stock valued at $48,276,000 after purchasing an additional 561,875 shares in the last quarter. Millennium Management LLC grew its position in Wintrust Financial by 36.6% during the fourth quarter. Millennium Management LLC now owns 1,923,590 shares of the bank’s stock valued at $127,899,000 after purchasing an additional 515,719 shares in the last quarter. Norges Bank purchased a new position in Wintrust Financial during the fourth quarter valued at approximately $32,691,000. Finally, Copper Rock Capital Partners LLC purchased a new position in Wintrust Financial during the first quarter valued at approximately $14,068,000. 90.16% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial Company Profile

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.

See Also: Compound Annual Growth Rate (CAGR)

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

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