WTFC - Wintrust Financial: Revising Up The Earnings Estimate But The Stock Appears Fairly Valued

• Economic growth, improvement in line utilization, and subdued PPP forgiveness will likely drive loan growth in 2022.
• Most of the loan portfolio will reprice this year; therefore, WTFC is well-positioned to benefit from a rate hike.
• Provisioning for loan losses will likely return to a more normal level this year on the back of strong loan growth.
• The December 2022 target price suggests a small downside from the current market price. Further, WTFC is offering a low dividend yield.

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