Jefferies Raises Estimates and PT on Wintrust Financial (WTFC); Mortgage Strength Carries Through

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Jefferies maintains a 'Hold' on Wintrust Financial (NASDAQ: WTFC) price target of $34.00 (from $31.00).

Analyst, Emlen Harmon, said, "It was relatively straight forward for Wintrust, with a headline beat ($0.52 vs. consensus of $0.47) driven by particularly strong mortgage banking results. With mortgage banking activity likely to remain elevated through at least this year, better than expected improvement lifts our '12 EPS estimate, and
bleeds into '13. We remain cautious on the shares, which trade at a significant
premium to peers." (FY12 EPS estimate raised from $2.05 to $2.15 and FY13 from $2.35 to $2.40)

For an analyst ratings summary and ratings history on Wintrust Financial click here. For more ratings news on Wintrust Financial click here.

Shares of Wintrust Financial closed at $36.81 yesterday, with a 52 week range of $24.30-$37.00.

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