Jefferies is maintaining its $35 price target and its Hold rating on Wintrust Financial WTFC based upon lowered estimates.
Says Jefferies, in its report, “Wintrust's earnings run rate reset lower in 1Q11 as the company reported a larger than expected decline in mortgage banking income and commercial loan growth slowed from the pace set in 2010. Improvement in the net interest margin should help offset these effects somewhat.”
WTFC closed yesterday at $34.69.
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Posted In: Analyst ColorAnalyst RatingsFinancialsJefferies & Co.Regional BanksWintrust Financial Corp.
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