US Equity Market Update for October 14, 2015
Wintrust Financial and its peers
An analysis of Wintrust and its peers follows:
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The EPS (earnings per share) of Wintrust Financial (WTFC), Commerce Bancshares (CBSH), and PrivateBancorp (PVTB) are $0.69, $0.66, and $0.57, respectively, in 3Q15.
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The forward PE (price-to-earnings) ratios of Wintrust Financial, Commerce Bancshares, PrivateBancorp, TCF Financial (TCB), and MB Financial (MBFI) are 14.37x, 14.83x, 16.46x, 12.24x, and 13.71x, respectively.
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The PBV (price-to-book value) ratios of Wintrust Financial, Commerce Bancshares, PrivateBancorp, TCF Financial, and MB Financial are 1.24x, 1.92x, 1.93x, 1.28x, and 1.19x, respectively.
According to the above findings, the peers outperformed Wintrust Financial based on the PBV ratio. However, Wintrust Financial is way ahead of its peers based on the EPS.
ETFs that invest in Wintrust Financial
The PowerShares KBW Regional Banking Portfolio (KBWR) invests 2.1% of its holdings in Wintrust Financial. KBWR tracks an equal-weighted index focused exclusively on US regional banking firms.
The KBE Bank Fund (KBE) invests 1.7% of its holdings in Wintrust Financial. KBE tracks an equal-weighted index of US banking firms.
The PowerShares S&P SmallCap Financials Portfolio (PSCF) invests 1.7% of its holdings in Wintrust Financial. PSCF tracks a market-cap-weighted index of financial services companies in the US small-cap market.
Comparing Wintrust Financial and its ETFs
An analysis of Wintrust Financial and its ETFs follows:
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The YTD (year-to-date) price movements of Wintrust Financial, KBWR, KBE, and PSCF are 13.2%, 5.6%, 3.2%, and 1.5%, respectively.
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The PE ratios of Wintrust Financial, KBWR, KBE, and PSCF are 16.75x, 18.85x, 14.01x, and 19.21x, respectively.
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The PBV ratios of Wintrust Financial, KBWR, KBE, and PSCF are 1.24x, 1.39x, 1.21x, and 1.59x, respectively.
According to the above findings, the ETFs outperformed Wintrust Financial based on the PE ratio and PBV ratio. However, Wintrust Financial is way ahead of its ETFs based on the price movement.
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