Wintrust Financial Corp (NASDAQ:WTFC) Expected to Announce Earnings of $1.34 Per Share

Wall Street analysts predict that Wintrust Financial Corp (NASDAQ:WTFC) will report earnings of $1.34 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Wintrust Financial’s earnings, with the lowest EPS estimate coming in at $1.27 and the highest estimate coming in at $1.47. Wintrust Financial posted earnings per share of $1.52 in the same quarter last year, which would indicate a negative year over year growth rate of 11.8%. The firm is scheduled to issue its next quarterly earnings report on Monday, April 20th.

On average, analysts expect that Wintrust Financial will report full year earnings of $5.91 per share for the current year, with EPS estimates ranging from $5.80 to $6.11. For the next fiscal year, analysts anticipate that the firm will post earnings of $6.27 per share, with EPS estimates ranging from $6.20 to $6.35. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Wintrust Financial.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.14). The firm had revenue of $374.10 million during the quarter, compared to analysts’ expectations of $375.76 million. During the same period last year, the firm posted $1.35 EPS. The firm’s revenue was up 13.6% on a year-over-year basis.

WTFC has been the subject of several research analyst reports. Keefe, Bruyette & Woods cut Wintrust Financial from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $79.00 to $70.00 in a research note on Wednesday, January 22nd. TheStreet cut Wintrust Financial from a “b-” rating to a “c+” rating in a research note on Thursday, February 6th. Zacks Investment Research upgraded Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. Stephens reduced their price objective on Wintrust Financial from $78.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, DA Davidson restated a “buy” rating on shares of Wintrust Financial in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $74.90.

In related news, Director Gary D. Sweeney bought 470 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were purchased at an average cost of $63.23 per share, with a total value of $29,718.10. Following the completion of the acquisition, the director now directly owns 5,648 shares in the company, valued at $357,123.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director H Patrick Hackett, Jr. bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average cost of $63.45 per share, for a total transaction of $63,450.00. Following the completion of the acquisition, the director now owns 34,903 shares of the company’s stock, valued at $2,214,595.35. The disclosure for this purchase can be found here. 1.58% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its holdings in Wintrust Financial by 447.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 952 shares of the bank’s stock valued at $67,000 after purchasing an additional 778 shares during the period. AdvisorNet Financial Inc acquired a new stake in Wintrust Financial in the third quarter valued at approximately $71,000. First Mercantile Trust Co. acquired a new stake in Wintrust Financial in the fourth quarter valued at approximately $116,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in Wintrust Financial by 31.9% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,237 shares of the bank’s stock valued at $164,000 after purchasing an additional 541 shares during the period. Finally, Meristem Family Wealth LLC acquired a new stake in Wintrust Financial in the fourth quarter valued at approximately $207,000. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:WTFC traded down $0.11 during trading on Friday, hitting $65.25. The stock had a trading volume of 232,470 shares. Wintrust Financial has a 12-month low of $59.34 and a 12-month high of $78.25. The stock has a 50-day simple moving average of $67.17 and a two-hundred day simple moving average of $66.14.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.72%. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, February 5th.

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.

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

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