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PrivateBancorp (NASDAQ:PVTB) declared a quarterly dividend on Friday, August 15th, American Banking & Market News reports. Stockholders of record on Tuesday, September 16th will be given a dividend of 0.01 per share on Tuesday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.14%.

A number of research firms have recently commented on PVTB. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of PrivateBancorp in a research note on Monday, July 21st. They now have a $34.50 price target on the stock, up previously from $33.50. On the ratings front, analysts at DA Davidson raised their price target on shares of PrivateBancorp from $31.00 to $32.00 in a research note on Friday, July 18th. They now have a “neutral” rating on the stock. Finally, analysts at Sterne Agee upgraded shares of PrivateBancorp from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 9th. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. PrivateBancorp has a consensus rating of “Hold” and an average target price of $31.75.

PrivateBancorp (NASDAQ:PVTB) traded down 0.77% during mid-day trading on Friday, hitting $28.23. 286,384 shares of the company’s stock traded hands. PrivateBancorp has a 1-year low of $20.59 and a 1-year high of $31.66. The stock has a 50-day moving average of $28.92 and a 200-day moving average of $28.70. The company has a market cap of $2.204 billion and a price-to-earnings ratio of 15.74.

PrivateBancorp (NASDAQ:PVTB) last released its earnings data on Thursday, July 17th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.08. During the same quarter last year, the company posted $0.37 earnings per share. Analysts expect that PrivateBancorp will post $1.91 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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