Jefferies Raises PT on Wintrust Financial from $35.00 to $37.00

Jefferies has published a research report on Wintrust Financial WTFC increasing estimates of earnings per share in light of new acquisition, and raising the price target. In the report, Jefferies wrote, "In addition to the First Chicago acquisition, the company announced it entered a swap that will boost the margin by 4bp beginning in 4Q, and solid commercial loan growth should help improve the longer-term earning asset mix." Jefferies rated Wintrust Financial a HOLD with a price target raised from $35.00 to $37.00. Wintrust Financial closed Wednesday at $34.06.