Private Bancorp (NASDAQ:PBAM – Get Free Report) has been given an average recommendation of “Moderate Buy” by the five brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $96.00.
PBAM has been the topic of several recent analyst reports. DA Davidson boosted their target price on shares of Private Bancorp from $105.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Piper Sandler lifted their price objective on Private Bancorp from $96.00 to $101.00 and gave the company an “overweight” rating in a research report on Tuesday, October 20th. Wall Street Zen raised Private Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings upgraded Private Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, October 30th.
Get Our Latest Stock Report on Private Bancorp
Private Bancorp Stock Performance
Shares of PBAM opened at $85.09 on Tuesday. The stock has a 50 day moving average of $86.90. The firm has a market cap of $487.57 million, a PE ratio of 10.90 and a beta of 0.05. Private Bancorp has a 1 year low of $55.12 and a 1 year high of $92.09.
Private Bancorp (NASDAQ:PBAM – Get Free Report) last announced its quarterly earnings results on Friday, October 16th. The company reported $1.97 earnings per share for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.10). Private Bancorp had a net margin of 26.03% and a return on equity of 16.91%. The company had revenue of $35.56 million during the quarter, compared to the consensus estimate of $35.07 million. As a group, analysts anticipate that Private Bancorp will post 8.44 earnings per share for the current fiscal year.
About Private Bancorp
PrivateBancorp, Inc was a Chicago-based bank holding company that operated through The PrivateBank and Trust Company. The company provided commercial banking, private banking and wealth management services to businesses, professionals, entrepreneurs and individuals.
Its offerings included commercial and real estate lending, business banking, treasury management, deposit accounts, mortgage lending, personal banking and investment-related services. PrivateBancorp primarily served clients in the Midwest and other selected U.S.
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