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PrivateBancorp (NASDAQ:PVTB) was upgraded by analysts at Sterne Agee from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.

A number of other firms have also recently commented on PVTB. Analysts at Raymond James raised their price target on shares of PrivateBancorp from $34.00 to $35.00 in a research note on Monday. They now have a “strong-buy” rating on the stock. Finally, 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. Seven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $30.98.

Shares of PrivateBancorp (NASDAQ:PVTB) traded down 0.82% during mid-day trading on Wednesday, hitting $29.08. 491,887 shares of the company’s stock traded hands. PrivateBancorp has a one year low of $20.59 and a one year high of $31.66. The stock’s 50-day moving average is $28.4 and its 200-day moving average is $28.70. The company has a market cap of $2.316 billion and a price-to-earnings ratio of 17.66.

PrivateBancorp (NASDAQ:PVTB) last released its earnings data 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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