PrivateBancorp PT Raised to $27.00 at BMO Capital Markets (PVTB)
Research analysts at BMO Capital Markets hoisted their price target on shares of PrivateBancorp (NASDAQ:PVTB) from $26.00 to $27.00 in a report released on Friday, Analyst Ratings Network.com reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 9.09% from the stock’s previous close.
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’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 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue 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.
PVTB has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, 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. Eight equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. PrivateBancorp presently has a consensus 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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