Private Bancorp (NASDAQ:PBAM) Stock Has Consensus Price Target of $96.00

Shares of Private Bancorp (NASDAQ:PBAM) have been given an average rating of “Moderate Buy” by the five analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $96.00.

Several research analysts recently issued reports on PBAM shares. DA Davidson lifted their target price on Private Bancorp from $105.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, October 20th. Piper Sandler increased their price target on Private Bancorp from $96.00 to $101.00 and gave the company an “overweight” rating in a research report on Tuesday, October 20th. Weiss Ratings upgraded Private Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, October 30th. Finally, Wall Street Zen upgraded Private Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday.

Private Bancorp Trading Up 0.3%

NASDAQ:PBAM opened at $84.42 on Tuesday. Private Bancorp has a one year low of $55.12 and a one year high of $92.09. The company has a market capitalization of $483.73 million, a P/E ratio of 10.53 and a beta of 0.05. The stock’s 50-day simple moving average is $86.97.

Private Bancorp (NASDAQ:PBAM) last announced its quarterly earnings results on Friday, October 16th. The company reported $1.97 earnings per share for the quarter, missing the consensus estimate of $2.07 by ($0.10). Private Bancorp had a net margin of 26.03% and a return on equity of 16.91%. The business had revenue of $35.56 million during the quarter, compared to the consensus estimate of $35.07 million. As a group, equities research analysts predict that Private Bancorp will post 8.44 earnings per share for the current year.

Private Bancorp Company Profile

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.