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Piper Jaffray analyst Nathan Race lowered the price target on Wintrust Financial (NASDAQ: WTFC) to $85.00 (from $95.00) while maintaining a Neutral rating following the company's 3Q. WTFC's reported NIM of 3.61% came in below expectations (Street 3.65%) with higher funding costs, increased excess liquidity levels and... More
RBC Capital analyst Jon G. Arfstrom lowered the price target on Wintrust Financial (NASDAQ: WTFC) to $92.00 (from $100.00) while maintaining a Outperform rating.
... MoreWintrust Financial (NASDAQ: WTFC) reported Q3 EPS of $1.57, $0.03 better than the analyst estimate of $1.54. Revenue for the quarter came in at $347.49 million versus the consensus estimate of $341.57 million.
Edward J. Wehmer, President and Chief Executive Officer, commented, "Wintrust reported net income of $91.9 million for the third quarter of 2018, the eleventh consecutive quarter of record net income, and net income of $263.5 million for the first nine months of 2018. These results reflected the steady strength of our internal growth engine at Wintrust as we grew assets by $678 million compared to the prior quarter. The third... More

