Trade Report: The Wintrust Financial Corp. (WTFC) to Release Earnings on Monday

The Wintrust Financial Corp. (WTFC) to Release Earnings on Monday

Wintrust Financial Corp. (NASDAQ:WTFC) will release its earnings data after the market closes on Monday, October 17th. Analysts expect Wintrust Financial Corp. to post earnings of $0.90 per share for the quarter.

Wintrust Financial Corp. (NASDAQ:WTFC) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $0.90 earnings per share for the quarter, topping the Zacks’ 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 last year, the company posted $0.85 EPS. On average, analysts expect Wintrust Financial Corp. to post $3.59 EPS for the current fiscal year and $3.82 EPS for the next fiscal year.

Shares of Wintrust Financial Corp. (NASDAQ:WTFC) traded up 0.15% during trading on Friday, hitting $54.06. 121,039 shares of the stock were exchanged. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 17.26 and a beta of 0.86. The stock’s 50 day moving average price is $55.24 and its 200-day moving average price is $51.94. Wintrust Financial Corp. has a one year low of $37.96 and a one year high of $56.68.

A number of analysts have recently commented on the stock. Hovde Group assumed coverage on shares of Wintrust Financial Corp. in a research note on Wednesday, August 24th. They set a “market perform” rating and a $59.00 target price for the company. Zacks Investment Research raised shares of Wintrust Financial Corp. from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Tuesday, August 16th. Finally, Piper Jaffray Cos. reissued a “neutral” rating and set a $53.00 target price (up previously from $52.00) on shares of Wintrust Financial Corp. in a research note on Sunday, July 24th. Nine investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Wintrust Financial Corp. has a consensus rating of “Hold” and a consensus price target of $53.10.

In other Wintrust Financial Corp. news, insider Richard B. Murphy sold 1,293 shares of the business’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $52.71, for a total value of $68,154.03. Following the transaction, the insider now directly 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 is accessible through the SEC website. 2.00% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Teachers Advisors Inc. raised its position in Wintrust Financial Corp. by 116.3% in the second quarter. Teachers Advisors Inc. now owns 554,780 shares of the company’s stock valued at $28,294,000 after buying an additional 298,244 shares during the last quarter. BlackRock Fund Advisors raised its position in Wintrust Financial Corp. by 8.3% in the second quarter. BlackRock Fund Advisors now owns 3,365,629 shares of the company’s stock valued at $171,647,000 after buying an additional 258,723 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Wintrust Financial Corp. by 6.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,712,718 shares of the company’s stock valued at $87,349,000 after buying an additional 103,103 shares during the last quarter. FMR LLC raised its position in Wintrust Financial Corp. by 28.9% in the second quarter. FMR LLC now owns 368,375 shares of the company’s stock valued at $18,787,000 after buying an additional 82,499 shares during the last quarter. Finally, Carlson Capital L P purchased a new position in Wintrust Financial Corp. during the second quarter valued at $3,400,000. Institutional investors own 91.90% of the company’s stock.

About Wintrust Financial Corp.

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