PrivateBancorp PT Raised to $26.00 (PVTB)
Research analysts at Jefferies Group hoisted their price objective on shares of PrivateBancorp (NASDAQ:PVTB) from $23.00 to $26.00 in a report released on Friday, American Banking & Market News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price points to a potential upside of 5.05% from the stock’s previous close.
Shares of PrivateBancorp (NASDAQ:PVTB) traded up 1.35% on Friday, hitting $24.75. The stock had a trading volume of 781,000 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 $1.922 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. On average, analysts predict that PrivateBancorp will post $1.47 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Credit Suisse raised their EPS on shares of PrivateBancorp in a research note to investors on Friday. They now have a “neutral” rating and a $28.00 price target on the stock. Eight analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average 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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