Jefferies Financial Group Comments on Wintrust Financial Corp’s Q1 2020 Earnings (NASDAQ:WTFC)

Wintrust Financial Corp (NASDAQ:WTFC) – Research analysts at Jefferies Financial Group lifted their Q1 2020 earnings estimates for Wintrust Financial in a note issued to investors on Thursday, August 1st. Jefferies Financial Group analyst C. Haire now expects that the bank will post earnings per share of $1.62 for the quarter, up from their previous estimate of $1.58. Jefferies Financial Group also issued estimates for Wintrust Financial’s Q2 2020 earnings at $1.69 EPS, Q3 2020 earnings at $1.75 EPS and Q4 2020 earnings at $1.75 EPS.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, July 15th. The bank reported $1.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.27). Wintrust Financial had a net margin of 20.60% and a return on equity of 10.72%. The business had revenue of $364.36 million for the quarter, compared to the consensus estimate of $365.40 million. During the same quarter last year, the business earned $1.53 EPS.

Several other equities research analysts have also issued reports on WTFC. Zacks Investment Research lowered shares of Wintrust Financial from a “hold” rating to a “strong sell” rating in a report on Saturday, July 20th. Piper Jaffray Companies set a $92.00 target price on shares of Wintrust Financial and gave the stock a “buy” rating in a report on Monday, July 8th. BidaskClub upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Raymond James lowered their target price on shares of Wintrust Financial from $86.00 to $80.00 and set a “strong-buy” rating for the company in a report on Wednesday, July 17th. Finally, Wedbush lowered their target price on shares of Wintrust Financial from $84.00 to $78.00 and set an “outperform” rating for the company in a report on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $87.86.

WTFC stock opened at $66.60 on Monday. The company’s fifty day simple moving average is $70.55. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 0.82 and a beta of 1.04. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.51. Wintrust Financial has a 52 week low of $61.53 and a 52 week high of $92.56.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its position in shares of Wintrust Financial by 1.6% in the 1st quarter. BlackRock Inc. now owns 5,698,685 shares of the bank’s stock worth $383,690,000 after buying an additional 91,339 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Wintrust Financial by 5.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,820,686 shares of the bank’s stock worth $122,586,000 after buying an additional 87,899 shares during the last quarter. FMR LLC grew its position in shares of Wintrust Financial by 49.3% in the 1st quarter. FMR LLC now owns 988,775 shares of the bank’s stock worth $66,574,000 after buying an additional 326,602 shares during the last quarter. AJO LP grew its position in shares of Wintrust Financial by 2.4% in the 1st quarter. AJO LP now owns 709,940 shares of the bank’s stock worth $47,800,000 after buying an additional 16,758 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Wintrust Financial by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 591,992 shares of the bank’s stock worth $39,361,000 after buying an additional 31,125 shares during the last quarter. Institutional investors own 88.99% of the company’s stock.

In other news, Director Gary D. Sweeney bought 747 shares of the stock in a transaction dated Friday, July 19th. The stock was purchased at an average price of $66.92 per share, for a total transaction of $49,989.24. Following the acquisition, the director now owns 4,392 shares of the company’s stock, valued at $293,912.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.58% of the stock is currently owned by company insiders.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, August 7th. This represents a $1.00 annualized dividend and a dividend yield of 1.50%. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.06%.

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: Lock-Up Period Expiration

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

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