Truist analyst Brandon King raised the firm’s price target on Wintrust Financial to $118 from $107 and keeps a Buy rating on the shares as part of a broader research note recapping Q2 results for Community and Regional Banks. The firm sees the bank’s pre-provision net revenue results as solid and believes its continued net interest income growth is “very achievable” driven by balance sheet expansion and a relatively stable net interest margin, the analyst tells investors in a research note. Truist adds that the credit quality deterioration in the quarter are not “overly concerning” and that the trends are “quite manageable”.
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Read More on WTFC:
- Wintrust Financial price target raised to $125 from $120 at DA Davidson
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- Wintrust downgraded to Market Perform from Outperform at Keefe Bruyette
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