Jefferies Raises WTFC Estimates

Wintrust Financial (NASDAQ: WTFC) posted a better than expected results after backing out TARP redemption costs, Jefferies reports.

“Revenue improvements help future quarters some, although some of the increase is likely to revert,” Jefferies writes. “Our price target goes to $34 (from $33).

“Our 2011 EPS estimate goes to $1.50 (from $1.45), 2012 goes to $2.40 (from $2.30), and 2013 goes to $3.15 (from $3.05) as margin estimates reset higher and we increase our mortgage banking forecast.”

Wintrust Financial closed Monday at $33.15.