In a report published Thursday, Jefferies analyst Emlen Harmon reiterated a Hold rating on Wintrust Financial Corp. WTFC, and raised the price target from $36.00 to $43.00.
In the report, Jefferies noted, “We are raising our estimates following 2Q earnings, as NII and fees each set a better than expected trajectory, though higher expenses offset this somewhat. We are also taking up our estimate for mortgage banking revenues, as origination volumes remained steady while shifting to a higher mix of purchase originations. Our '13 EPS estimate goes to $2.65 (from $2.50) and '14 goes to $2.70 (from $2.60).”
Wintrust Financial Corp. closed on Wednesday at $41.03.
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