Wintrust Financial Corp. (NASDAQ:WTFC) – Stock analysts at Jefferies Group raised their FY2017 EPS estimates for Wintrust Financial Corp. in a research report issued to clients and investors on Friday. Jefferies Group analyst E. Harmon now expects that the brokerage will post earnings of $3.80 per share for the year, up from their prior forecast of $3.75. Jefferies Group also issued estimates for Wintrust Financial Corp.’s FY2018 earnings at $4.10 EPS.
WTFC has been the subject of several other research reports. Zacks Investment Research downgraded Wintrust Financial Corp. from a “buy” rating to a “hold” rating in a report on Thursday, September 22nd. Piper Jaffray Cos. reissued 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. Hovde Group initiated coverage on 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. Finally, Sterne Agee CRT initiated coverage on Wintrust Financial Corp. in a report on Sunday, June 12th. They issued a “hold” rating for the company. Eight analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $53.10.
Shares of Wintrust Financial Corp. (NASDAQ:WTFC) opened at 56.03 on Monday. Wintrust Financial Corp. has a 52 week low of $37.96 and a 52 week high of $56.61. The stock has a 50 day moving average of $55.12 and a 200 day moving average of $51.66. The firm has a market cap of $2.90 billion, a P/E ratio of 17.88 and a beta of 0.86.
Wintrust Financial Corp. (NASDAQ:WTFC) last issued its earnings results on Tuesday, July 19th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ 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 period in the prior year, the firm posted $0.85 EPS.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in Wintrust Financial Corp. by 77.5% in the second quarter. Victory Capital Management Inc. now owns 2,277 shares of the company’s stock valued at $116,000 after buying an additional 994 shares during the last quarter. First Mercantile Trust Co. purchased a new position in Wintrust Financial Corp. during the third quarter valued at $167,000. PNC Financial Services Group Inc. boosted its position in 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 valued at $183,000 after buying an additional 116 shares during the last quarter. Commonwealth Equity Services Inc purchased a new position in Wintrust Financial Corp. during the second quarter valued at $200,000. Finally, Shelton Capital Management purchased a new position in Wintrust Financial Corp. during the second quarter valued at $207,000. Hedge funds and other 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 stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $52.71, for a total transaction of $68,154.03. Following the transaction, the insider now owns 28,445 shares in the company, valued at approximately $1,499,335.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.
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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