Wintrust Financial price target raised to $109 from $104 at RBC Capital

RBC Capital raised the firm’s price target on Wintrust Financial to $109 from $104 and keeps an Outperform rating on the shares. The company’s core Q4 results were “solid” with slight margin expansion, solid balance sheet growth, and controlled core expense trends, the analyst tells investors in a research note. RBC adds that it remains encouraged by Wintrust’s quality growth focus and the management’s ability to drive higher loan and deposit balances.