Wintrust Financial Corp Gets a Hold Rating from Jefferies

By Jason Carr

In a report issued on June 9, Ken Usdin from Jefferies reiterated a Hold rating on Wintrust Financial Corp (NASDAQ: WTFC), with a price target of $80. The company’s shares closed last Friday at $78.23, close to its 52-week high of $78.56.

According to, Usdin is a top 25 analyst with an average return of 19.9% and a 80.4% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

Wintrust Financial Corp has an analyst consensus of Strong Buy, with a price target consensus of $78.

Based on Wintrust Financial Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $281 million and quarterly net profit of $58.38 million. In comparison, last year the company earned revenue of $252 million and had a net profit of $49.11 million.

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Wintrust Financial Corp. operates as a bank holding company, which engages in the provision of banking and financial services. It operates through the following segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers personal and commercial banking services such as equities, consumer and mortgage loans, safe deposits, savings and checking accounts, and automated teller machines. The Specialty Finance segment includes commercial and life insurance premiums. The Wealth Management segment provides services in asset brokerage, trust and investment, and asset management. The company was founded by Edward J. Wehmer on December 30, 1992 and is headquartered in Rosemont, IL.