PrivateBancorp Inc. (PVTB) Declares Quarterly Dividend of $0.01
PrivateBancorp (NASDAQ:PVTB) declared a quarterly dividend on Tuesday, September 10th, AnalystRatingsNetwork reports. Shareholders of record on Monday, September 16th will be given a dividend of $0.01 per share on Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.18%.
A number of analysts have recently weighed in on PVTB shares. Analysts at Sandler O’Neill cut their price target on shares of PrivateBancorp (NASDAQ:PVTB) from $26.00 to $25.00 in a research note to investors on Friday, September 6th. They now have a “buy” rating on the stock. On the ratings front, analysts at BMO Capital Markets raised their price target on shares of PrivateBancorp (NASDAQ:PVTB) from $24.00 to $26.00 in a research note to investors on Tuesday, August 13th. They now have a “market perform” rating on the stock. Finally, analysts at Zacks upgraded shares of PrivateBancorp (NASDAQ:PVTB) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, August 7th. They now have a $26.30 price target on the stock.
Eight equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. PrivateBancorp currently has a consensus rating of “Hold” and an average price target of $23.21.
Shares of PrivateBancorp (NASDAQ:PVTB) opened at 22.39 on Wednesday. PrivateBancorp has a 52-week low of $13.32 and a 52-week high of $24.82. The stock has a 50-day moving average of $23.35 and a 200-day moving average of $20.60. The company has a market cap of $1.739 billion and a price-to-earnings ratio of 17.57.
PrivateBancorp (NASDAQ:PVTB) last issued its quarterly earnings data on Thursday, July 18th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.03. During the same quarter in the prior year, the company posted $0.19 earnings per share. On average, analysts predict that PrivateBancorp will post $1.47 earnings per share for the current fiscal year.
PrivateBancorp, Inc (NASDAQ:PVTB) is a holding company of the PrivateBank and Trust Company (the Bank).
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