PrivateBancorp Given New $28.00 Price Target at Keefe, Bruyette & Woods (PVTB)
Stock analysts at Keefe, Bruyette & Woods hoisted their price objective on shares of PrivateBancorp (NASDAQ:PVTB) from $24.00 to $28.00 in a report issued on Friday, AnalystRatingsNetwork reports. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 13.13% from the stock’s previous close.
PrivateBancorp (NASDAQ:PVTB) traded up 1.35% during mid-day trading on Friday, hitting $24.75. 781,000 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 $21.8 and its 200-day moving average is $21.17. The company has a market cap of $1.922 billion and a price-to-earnings ratio of 19.44.
PrivateBancorp (NASDAQ:PVTB) last posted its quarterly earnings results 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. On average, analysts predict that PrivateBancorp will post $1.47 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group raised their price target on shares of PrivateBancorp from $23.00 to $26.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at DA Davidson raised their price target on shares of PrivateBancorp from $25.00 to $26.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of PrivateBancorp from $26.00 to $27.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $25.13.
PrivateBancorp, Inc (NASDAQ:PVTB) is a holding company of the PrivateBank and Trust Company (the Bank).
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