Keefe, Bruyette & Woods Initiates Coverage On Wintrust Financial With Outperform Rating

According to Keefe, Bruyette & Woods, Wintrust Financial WTFC coverage is initiated at Outperform. Keefe, Bruyette & Woods said that, for the better part of two decades, Wintrust has adhered to a prudent growth strategy, appropriately balancing, in our view, the projected benefits of increased scale in the highly attractive Chicago market and strong credit quality. “What differentiates the company from its peers that pursued similar growth strategies, however, is the prudent management of shareholder capital and material growth in tangible book value, most impressively during the credit cycle. Initiating at Outperform and $37 PT.” Wintrust Financial closed yesterday at $31.39.