PrivateBancorp Trading 1.3% Higher Following Analyst Upgrade (PVTB)
PrivateBancorp (NASDAQ:PVTB)’s share price was up 1.3% during trading on Monday after Raymond James raised their price target on the stock from $34.00 to $35.00, Analyst RN reports. Raymond James currently has a strong-buy rating on the stock. PrivateBancorp traded as high as $30.44 and last traded at $30.27, with a volume of 367,987 shares. The stock had previously closed at $29.87.
Other equities research analysts have also recently issued reports about the stock. 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 investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. PrivateBancorp has an average rating of “Hold” and an average price target of $30.98.
The stock’s 50-day moving average is $28.2 and its 200-day moving average is $28.67. The company has a market cap of $2.409 billion and a P/E ratio of 17.99.
PrivateBancorp (NASDAQ:PVTB) last released its earnings data on Thursday, April 17th. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.03. During the same quarter last year, the company posted $0.35 earnings per share. On average, analysts predict that PrivateBancorp will post $1.78 earnings per share 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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