Wintrust Financial Corp (WTFC) Releases Earnings Results, Beats Expectations By $0.02 EPS

Wintrust Financial Corp (WTFC) announced its most recent quarterly financial results on Monday, Oct-17-2016. WTFC said it had a profit of $0.92 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.90. The company posted revenue of $271.24 million in the period, compared to analysts expectations of $263.42 million. WTFC’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.

Many Wall Street Analysts have commented on Wintrust Financial Corp. Hovde Group Initiated Wintrust Financial Corp on Aug 24, 2016 to “Market Perform”, Price Target of the shares are set at $59.

Wintrust Financial Corp opened for trading at $54.56 and hit $54.92 on the upside on Friday, eventually ending the session at $54.17, with a gain of 0.35% or 0.19 points. The heightened volatility saw the trading volume jump to 2,60,908 shares. Company has a market cap of $2,799 M.

In a different news, on Apr 26, 2016, Marla F Glabe (director) purchased 400 shares at $51.70 per share price. According to the SEC, on Feb 3, 2016, Gary D Sweeney (director) purchased 945 shares at $39.56 per share price. On Aug 5, 2015, Lisa J Pattis (EVP, GENERAL COUNSEL AND SEC) sold 3,732 shares at $54.37 per share price, according to the Form-4 filing with the securities and exchange commission.

Wintrust Financial Corporation (Wintrust) is a financial holding company. The Company conducts its businesses through three segments: community banking specialty finance and wealth management. It provides community-oriented personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its 15 wholly owned banking subsidiaries as well as the origination and purchase of residential mortgages for sale into the secondary market through Wintrust Mortgage a division of Barrington Bank and Trust Company N.A (Barrington Bank). The Company provides specialty finance services including financing for the payment of commercial insurance premiums and life insurance premiums on a national basis short-term accounts receivable financing and outsourced administrative services.

Wintrust Financial Corp

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