PrivateBancorp Stock Rating Upgraded by Keefe, Bruyette & Woods (PVTB)
PrivateBancorp (NASDAQ:PVTB) was upgraded by equities researchers at Keefe, Bruyette & Woods to an “outperform” rating in a research report issued on Thursday, Stock Ratings News reports.
PVTB has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of PrivateBancorp from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 17th. They now have a $26.30 price target on the stock. Separately, analysts at Sandler O’Neill cut their price target on shares of PrivateBancorp 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. Finally, analysts at BMO Capital Markets raised their price target on shares of PrivateBancorp 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. Eight research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.48.
PrivateBancorp (NASDAQ:PVTB) traded up 8.02% on Thursday, hitting $24.25. 1,114,834 shares of the company’s stock traded hands. PrivateBancorp has a 1-year low of $13.32 and a 1-year high of $24.82. The stock’s 50-day moving average is $21.74 and its 200-day moving average is $21.14. The company has a market cap of $1.884 billion and a P/E ratio of 17.87.
PrivateBancorp (NASDAQ:PVTB) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.05. The company had revenue of $134.40 million for the quarter, compared to the consensus estimate of $132.03 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. Analysts expect that PrivateBancorp will post $1.47 EPS 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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