Credit Suisse Increases PrivateBancorp EPS Estimates (PVTB)
Analysts at Credit Suisse hoisted their earnings per share (EPS) estimates on shares of PrivateBancorp (NASDAQ:PVTB) in a research report issued to clients and investors on Friday, AnalystRatings.NET reports. The firm currently has a “neutral” rating and a $28.00 price target on the company’s shares. Credit Suisse’s target price would indicate a potential upside of 14.66% from the stock’s previous close.
PrivateBancorp (NASDAQ:PVTB) traded up 3.83% during mid-day trading on Friday, hitting $25.355. The stock had a trading volume of 312,496 shares. 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 $21.8 and a 200-day moving average of $21.17. The company has a market cap of $1.969 billion and a price-to-earnings ratio of 19.44.
PrivateBancorp (NASDAQ:PVTB) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.42 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.27 earnings per share. PrivateBancorp’s revenue was up .3% compared to the same quarter last year. Analysts expect that PrivateBancorp will post $1.47 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods upgraded shares of PrivateBancorp from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday. Separately, 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. Finally, 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. Eight analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $24.48.
PrivateBancorp, Inc (NASDAQ:PVTB) is a holding company of the PrivateBank and Trust Company (the Bank).