SunTrust Banks reaffirmed their hold rating on shares of Wintrust Financial (NASDAQ:WTFC) in a research report sent to investors on Tuesday. SunTrust Banks currently has a $94.00 target price on the bank’s stock. SunTrust Banks also issued estimates for Wintrust Financial’s Q4 2017 earnings at $1.15 EPS, FY2017 earnings at $4.38 EPS, Q1 2018 earnings at $1.41 EPS, Q2 2018 earnings at $1.45 EPS, Q3 2018 earnings at $1.50 EPS, Q4 2018 earnings at $1.49 EPS, FY2018 earnings at $5.85 EPS and FY2019 earnings at $6.49 EPS.
WTFC has been the topic of several other reports. Zacks Investment Research raised Wintrust Financial from a hold rating to a buy rating and set a $81.00 target price on the stock in a research report on Wednesday, September 20th. BidaskClub raised Wintrust Financial from a hold rating to a buy rating in a research report on Friday, December 22nd. ValuEngine raised Wintrust Financial from a hold rating to a buy rating in a research report on Sunday, December 31st. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $90.00 target price on shares of Wintrust Financial in a research report on Thursday, December 14th. Finally, Piper Jaffray Companies reaffirmed a hold rating and issued a $86.00 target price on shares of Wintrust Financial in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $86.88.
Shares of Wintrust Financial (NASDAQ:WTFC) opened at $87.49 on Tuesday. Wintrust Financial has a 52-week low of $64.14 and a 52-week high of $88.54. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $4,890.00, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.23 and a beta of 0.83.
Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.04. Wintrust Financial had a return on equity of 9.32% and a net margin of 19.74%. The firm had revenue of $295.70 million for the quarter, compared to analyst estimates of $298.96 million. During the same period last year, the company earned $0.92 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. equities analysts anticipate that Wintrust Financial will post 4.38 EPS for the current fiscal year.
In related news, EVP David A. Dykstra sold 22,476 shares of Wintrust Financial stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $79.86, for a total transaction of $1,794,933.36. Following the transaction, the executive vice president now directly owns 188,604 shares of the company’s stock, valued at $15,061,915.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ingrid S. Stafford sold 1,405 shares of Wintrust Financial stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $80.63, for a total value of $113,285.15. Following the transaction, the director now directly owns 20,746 shares in the company, valued at $1,672,749.98. The disclosure for this sale can be found here. Insiders have sold 44,500 shares of company stock worth $3,563,512 over the last three months. Corporate insiders own 1.97% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in WTFC. Meeder Asset Management Inc. acquired a new position in Wintrust Financial during the third quarter worth about $183,000. Magnetar Financial LLC acquired a new position in Wintrust Financial during the third quarter worth about $204,000. Csenge Advisory Group acquired a new position in Wintrust Financial during the third quarter worth about $212,000. Adviser Investments LLC acquired a new position in Wintrust Financial during the third quarter worth about $214,000. Finally, Jane Street Group LLC acquired a new position in Wintrust Financial during the third quarter worth about $260,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.
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About Wintrust Financial
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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