DA Davidson analyst Jeff Rulis lowered the firm’s price target on Wintrust Financial to $82 from $84 but keeps a Buy rating on the shares after its Q1 results. The analyst cites the company’s "revised net interest margin picture" that is not only seeing industry pressures, but also a "self-inflicted drag" due to the bank’s hedging strategy. The firm adds however that longer term, Wintrust offers solid credit quality, stable deposits, and increasing capital levels, making the company a "model of quality and stability".
Published first on TheFly
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Read More on WTFC:
- Wintrust Financial price target lowered to $92 from $93 at Piper Sandler
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- Wintrust Financial (WTFC) Q1 Earnings Cheat Sheet
- Wintrust Financial price target lowered to $95 from $110 at Raymond James
