PrivateBancorp Inc. Sets New 1-Year High at $30.69 (PVTB)
Shares of PrivateBancorp (NASDAQ:PVTB) hit a new 52-week high on Tuesday, Analyst Ratings Network.com reports. The company traded as high as $30.69 and last traded at $30.36, with a volume of 835,921 shares trading hands. The stock had previously closed at $28.92.
A number of research firms have recently commented on PVTB. Analysts at Raymond James raised their price target on shares of PrivateBancorp to $33.00 in a research note to investors on Friday. Separately, analysts at Zacks downgraded shares of PrivateBancorp from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 18th. They now have a $30.30 price target on the stock. Finally, analysts at BMO Capital Markets upgraded shares of PrivateBancorp from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, November 11th. They now have a $30.00 price target on the stock, up previously from $27.00. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. PrivateBancorp currently has an average rating of “Hold” and a consensus price target of $27.48.
PrivateBancorp has a one year low of $16.26 and a one year high of $29.51. The stock’s 50-day moving average is $28.23 and its 200-day moving average is $24.. The company has a market cap of $2.349 billion and a price-to-earnings ratio of 20.53.
PrivateBancorp (NASDAQ:PVTB) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $136.00 million for the quarter, compared to the consensus estimate of $134.45 million. During the same quarter last year, the company posted $0.26 earnings per share. PrivateBancorp’s revenue was up 1.0% compared to the same quarter last year. Analysts expect that PrivateBancorp will post $1.67 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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