DA Davidson Forecasts Strong Price Appreciation for Private Bancorp (NASDAQ:PBAM) Stock

Private Bancorp (NASDAQ:PBAMGet Free Report) had its price target upped by equities researchers at DA Davidson from $96.00 to $105.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price objective indicates a potential upside of 19.71% from the stock’s current price.

Private Bancorp Price Performance

PBAM stock traded up $0.51 during midday trading on Monday, reaching $87.71. The company had a trading volume of 11,912 shares.

PrivateBancorp, Inc was a Chicago-based bank holding company that operated through The PrivateBank and Trust Company. The company provided banking and financial services primarily to middle-market businesses, professional firms, executives, entrepreneurs and high-net-worth individuals.

Its principal offerings included commercial lending, commercial real estate financing, treasury management, deposit accounts, mortgage lending, private banking and wealth management services. The bank served clients through offices in selected metropolitan markets, including Chicago and other major U.S.

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