Wintrust Financial Corp (NASDAQ:WTFC) – Analysts at Truist Securiti upped their Q1 2021 earnings per share (EPS) estimates for Wintrust Financial in a research note issued to investors on Tuesday, September 29th. Truist Securiti analyst M. Young now expects that the bank will post earnings of $0.75 per share for the quarter, up from their previous forecast of $0.66. Truist Securiti also issued estimates for Wintrust Financial’s FY2021 earnings at $3.32 EPS.
WTFC has been the subject of several other reports. ValuEngine cut shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. BidaskClub cut shares of Wintrust Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 23rd. Raymond James reaffirmed a “buy” rating and set a $58.00 price target on shares of Wintrust Financial in a research note on Thursday, August 6th. Finally, Zacks Investment Research raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, September 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Wintrust Financial has a consensus rating of “Hold” and an average target price of $51.63.
Shares of WTFC opened at $40.05 on Wednesday. The stock has a market capitalization of $2.31 billion, a P/E ratio of 8.88, a P/E/G ratio of 0.70 and a beta of 1.58. Wintrust Financial has a twelve month low of $22.02 and a twelve month high of $71.95. The company has a 50 day moving average of $43.06 and a 200-day moving average of $40.58. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.68.
Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Tuesday, July 21st. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.36). The business had revenue of $425.12 million for the quarter, compared to analyst estimates of $374.45 million. Wintrust Financial had a net margin of 14.33% and a return on equity of 7.63%.
Several hedge funds have recently bought and sold shares of the company. Channing Capital Management LLC bought a new stake in Wintrust Financial during the second quarter valued at about $33,474,000. Deutsche Bank AG raised its stake in shares of Wintrust Financial by 1,721.8% in the 1st quarter. Deutsche Bank AG now owns 633,723 shares of the bank’s stock valued at $20,824,000 after acquiring an additional 598,938 shares during the period. Silvercrest Asset Management Group LLC purchased a new position in shares of Wintrust Financial in the 2nd quarter valued at $11,678,000. Fisher Asset Management LLC raised its stake in shares of Wintrust Financial by 56.6% in the 2nd quarter. Fisher Asset Management LLC now owns 678,836 shares of the bank’s stock valued at $29,611,000 after acquiring an additional 245,402 shares during the period. Finally, Frontier Capital Management Co. LLC raised its stake in shares of Wintrust Financial by 29.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 806,483 shares of the bank’s stock valued at $35,179,000 after acquiring an additional 185,727 shares during the period. Hedge funds and other institutional investors own 88.82% of the company’s stock.
In other Wintrust Financial news, Director Gary D. Sweeney purchased 785 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The stock was purchased at an average price of $44.66 per share, for a total transaction of $35,058.10. Following the completion of the purchase, the director now directly owns 6,433 shares of the company’s stock, valued at $287,297.78. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Edward J. Wehmer purchased 1,189 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was acquired at an average price of $26.57 per share, with a total value of $31,591.73. Following the purchase, the chief executive officer now directly owns 147,124 shares of the company’s stock, valued at $3,909,084.68. The disclosure for this purchase can be found here. 1.58% of the stock is owned by insiders.
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.
Read More: Monthly Dividend Stocks Can Provide Solid Income
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.