Analysts Set Expectations for Wintrust Financial Corp’s Q4 2018 Earnings (WTFC)

Wintrust Financial Corp (NASDAQ:WTFC) – Investment analysts at SunTrust Banks issued their Q4 2018 EPS estimates for Wintrust Financial in a research note issued to investors on Tuesday, January 8th. SunTrust Banks analyst M. Young expects that the bank will post earnings of $1.62 per share for the quarter. SunTrust Banks also issued estimates for Wintrust Financial’s Q1 2019 earnings at $1.53 EPS, Q2 2019 earnings at $1.58 EPS, Q3 2019 earnings at $1.66 EPS and Q4 2019 earnings at $1.69 EPS.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Wednesday, October 17th. The bank reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.03. Wintrust Financial had a return on equity of 11.27% and a net margin of 22.70%. The company had revenue of $347.49 million for the quarter, compared to analysts’ expectations of $342.18 million. During the same period last year, the firm earned $1.12 EPS. Wintrust Financial’s revenue for the quarter was up 17.5% compared to the same quarter last year.

Other equities analysts have also recently issued reports about the company. BidaskClub raised Wintrust Financial from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. Stephens raised Wintrust Financial from an “equal” rating to a “weight” rating in a report on Monday, October 15th. Raymond James decreased their price target on Wintrust Financial from $100.00 to $96.00 and set a “strong-buy” rating on the stock in a report on Friday, October 19th. Royal Bank of Canada raised their price target on Wintrust Financial to $92.00 and gave the company an “outperform” rating in a report on Friday, October 19th. Finally, Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a report on Thursday, November 22nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $93.70.

Shares of Wintrust Financial stock opened at $70.61 on Thursday. Wintrust Financial has a one year low of $61.53 and a one year high of $99.96. The firm has a market capitalization of $3.89 billion, a P/E ratio of 16.05, a P/E/G ratio of 0.78 and a beta of 0.97. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.45.

Large investors have recently bought and sold shares of the business. First Hawaiian Bank bought a new stake in Wintrust Financial during the third quarter valued at about $101,000. Moneta Group Investment Advisors LLC grew its position in shares of Wintrust Financial by 99.4% during the second quarter. Moneta Group Investment Advisors LLC now owns 1,705 shares of the bank’s stock valued at $148,000 after purchasing an additional 850 shares in the last quarter. Commonwealth Bank of Australia purchased a new position in shares of Wintrust Financial during the third quarter valued at about $246,000. Great Lakes Advisors LLC purchased a new position in shares of Wintrust Financial during the third quarter valued at about $278,000. Finally, WINTON GROUP Ltd purchased a new position in shares of Wintrust Financial during the second quarter valued at about $288,000. 88.02% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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