Wintrust Financial (NASDAQ:WTFC) Announces Quarterly Earnings Results, Beats Expectations By $0.22 EPS

Wintrust Financial (NASDAQ:WTFC) released its quarterly earnings results on Tuesday. The bank reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.22, MarketWatch Earnings reports. Wintrust Financial had a return on equity of 7.63% and a net margin of 14.33%. During the same quarter last year, the business posted $1.44 earnings per share.

Shares of NASDAQ:WTFC traded down $3.81 during trading on Thursday, hitting $64.93. The stock had a trading volume of 10,348 shares, compared to its average volume of 457,919. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $3.74 billion, a PE ratio of 15.24, a PEG ratio of 0.76 and a beta of 1.61. The firm’s fifty day moving average is $62.42 and its 200 day moving average is $50.04. Wintrust Financial has a 12 month low of $22.02 and a 12 month high of $69.88.

In related news, President Timothy Crane sold 6,968 shares of the company’s stock in a transaction that occurred on Thursday, December 10th. The stock was sold at an average price of $59.32, for a total value of $413,341.76. Following the sale, the president now owns 27,794 shares in the company, valued at approximately $1,648,740.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward J. Wehmer sold 14,173 shares of the company’s stock in a transaction that occurred on Tuesday, November 24th. The stock was sold at an average price of $59.31, for a total value of $840,600.63. Insiders sold a total of 36,141 shares of company stock worth $2,051,042 in the last 90 days. 1.58% of the stock is currently owned by company insiders.

A number of research firms have commented on WTFC. Keefe, Bruyette & Woods lowered Wintrust Financial from an “outperform” rating to a “market perform” rating and set a $56.00 price target for the company. in a research report on Thursday, October 22nd. Wedbush upped their price target on Wintrust Financial from $50.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, October 22nd. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Saturday, October 3rd. Janney Montgomery Scott lowered Wintrust Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 25th. Finally, Raymond James upped their price target on Wintrust Financial from $65.00 to $73.00 and gave the company a “strong-buy” rating in a research report on Wednesday, December 2nd. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Wintrust Financial has a consensus rating of “Buy” and a consensus target price of $55.60.

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), online and mobile banking, and other services.

See Also: How to interpret a stock’s beta number

Earnings History for Wintrust Financial (NASDAQ:WTFC)

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.