Wintrust Financial (NASDAQ:WTFC) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Wintrust Financial (NASDAQ:WTFC) posted its quarterly earnings data on Tuesday. The bank reported $2.63 EPS for the quarter, topping the consensus estimate of $2.52 by $0.11, Zacks reports. Wintrust Financial had a return on equity of 12.92% and a net margin of 17.52%. During the same period last year, the business posted $1.87 earnings per share.

Wintrust Financial Stock Performance

Wintrust Financial stock opened at $133.29 on Thursday. Wintrust Financial has a twelve month low of $89.68 and a twelve month high of $142.04. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average price is $131.06 and its 200-day moving average price is $116.32. The company has a market cap of $8.86 billion, a PE ratio of 12.93 and a beta of 1.20.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WTFC shares. Wedbush reissued an “outperform” rating and issued a $130.00 target price on shares of Wintrust Financial in a report on Tuesday, October 22nd. Barclays lifted their target price on shares of Wintrust Financial from $130.00 to $151.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. UBS Group began coverage on Wintrust Financial in a research note on Tuesday, December 17th. They issued a “buy” rating and a $157.00 price target for the company. DA Davidson boosted their price objective on Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com cut shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

Insider Activity

In related news, COO David A. Dykstra sold 15,492 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the transaction, the chief operating officer now directly owns 197,591 shares in the company, valued at approximately $22,817,808.68. This represents a 7.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Richard B. Murphy sold 4,099 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total transaction of $473,967.37. Following the completion of the sale, the insider now directly owns 42,311 shares in the company, valued at $4,892,420.93. This trade represents a 8.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company’s stock.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company. 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.