PrivateBancorp Inc. Reaches New 12-Month High at $25.41 (PVTB)
PrivateBancorp (NASDAQ:PVTB)’s share price reached a new 52-week high during mid-day trading on Friday, AmericanBankingNews.com reports. The stock traded as high as $25.41 and last traded at $24.79, with a volume of 538,263 shares traded. The stock had previously closed at $24.42.
PVTB has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of PrivateBancorp from $24.00 to $28.00 in a research note to investors on Friday. Separately, 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. Finally, 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. Eight investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.13.
PrivateBancorp has a 52-week low of $13.32 and a 52-week 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 announced its earnings results 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.
PrivateBancorp, Inc (NASDAQ:PVTB) is a holding company of the PrivateBank and Trust Company (the Bank).
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