Equities research analysts expect Wintrust Financial Corp (NASDAQ:WTFC) to post sales of $343.57 million for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Wintrust Financial’s earnings, with the lowest sales estimate coming in at $338.00 million and the highest estimate coming in at $350.40 million. Wintrust Financial posted sales of $310.76 million during the same quarter last year, which would indicate a positive year over year growth rate of 10.6%. The business is scheduled to report its next earnings report on Monday, April 15th.
According to Zacks, analysts expect that Wintrust Financial will report full year sales of $1.45 billion for the current year, with estimates ranging from $1.42 billion to $1.48 billion. For the next year, analysts expect that the business will post sales of $1.54 billion, with estimates ranging from $1.52 billion to $1.57 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Wintrust Financial.
Get Wintrust Financial alerts:Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, January 22nd. The bank reported $1.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.57 by ($0.22). The business had revenue of $329.40 million during the quarter, compared to analysts’ expectations of $344.46 million. Wintrust Financial had a return on equity of 11.36% and a net margin of 22.47%. During the same quarter last year, the company posted $1.17 EPS.
WTFC has been the topic of a number of recent research reports. BidaskClub upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Zacks Investment Research cut shares of Wintrust Financial from a “buy” rating to a “hold” rating and set a $86.00 price objective on the stock. in a report on Saturday, November 17th. Finally, Piper Jaffray Companies upgraded shares of Wintrust Financial from a “neutral” rating to an “overweight” rating in a report on Monday, January 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $93.00.
Shares of WTFC opened at $71.23 on Wednesday. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 0.84 and a beta of 0.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.98 and a current ratio of 0.99. Wintrust Financial has a fifty-two week low of $61.53 and a fifty-two week high of $99.96.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 21st. Stockholders of record on Thursday, February 7th were issued a dividend of $0.25 per share. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.40%. Wintrust Financial’s dividend payout ratio is presently 17.06%.
In other news, EVP Thomas P. Zidar sold 3,482 shares of the stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $72.62, for a total transaction of $252,862.84. Following the sale, the executive vice president now owns 31,016 shares in the company, valued at $2,252,381.92. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Timothy Crane sold 2,097 shares of the stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $72.82, for a total transaction of $152,703.54. Following the sale, the insider now owns 18,433 shares in the company, valued at approximately $1,342,291.06. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its holdings in shares of Wintrust Financial by 2.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 8,202 shares of the bank’s stock valued at $545,000 after buying an additional 182 shares during the last quarter. OLD Second National Bank of Aurora lifted its position in Wintrust Financial by 100.0% during the fourth quarter. OLD Second National Bank of Aurora now owns 400 shares of the bank’s stock valued at $27,000 after purchasing an additional 200 shares during the period. Retirement Systems of Alabama lifted its position in Wintrust Financial by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 73,115 shares of the bank’s stock valued at $4,861,000 after purchasing an additional 275 shares during the period. Raymond James Trust N.A. lifted its position in Wintrust Financial by 10.5% during the fourth quarter. Raymond James Trust N.A. now owns 3,360 shares of the bank’s stock valued at $223,000 after purchasing an additional 319 shares during the period. Finally, American International Group Inc. lifted its position in Wintrust Financial by 0.3% during the fourth quarter. American International Group Inc. now owns 114,933 shares of the bank’s stock valued at $7,642,000 after purchasing an additional 364 shares during the period. Hedge funds and other institutional investors own 88.60% of the company’s stock.
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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