PrivateBancorp PT Raised to $35.00 (PVTB)
Equities researchers at Raymond James hoisted their price target on shares of PrivateBancorp (NASDAQ:PVTB) from $34.00 to $35.00 in a research report issued on Monday. The firm currently has a “strong-buy” rating on the stock. Raymond James’ price objective points to a potential upside of 17.17% from the stock’s previous close.
PVTB has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of PrivateBancorp from $33.00 to $34.00 in a research note on Monday, April 21st. Analysts at RBC Capital raised their price target on shares of PrivateBancorp from $30.00 to $33.00 in a research note on Monday, April 21st. They now have a “sector perform” rating on the stock. Seven equities research 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 stock presently has a consensus rating of “Hold” and an average target price of $30.98.
Shares of PrivateBancorp (NASDAQ:PVTB) opened at 29.87 on Monday. PrivateBancorp has a one year low of $20.59 and a one year high of $31.66. The stock has a 50-day moving average of $28.2 and a 200-day moving average of $28.67. The company has a market cap of $2.379 billion and a price-to-earnings ratio of 17.45.
PrivateBancorp (NASDAQ:PVTB) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. During the same quarter in the previous year, the company posted $0.35 earnings per share. Analysts expect that PrivateBancorp will post $1.78 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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