Private Bancorp (PBAM) – What Are Analysts Saying About This Stock?

Private Bancorp (NASDAQ:PBAM) has received an average rating of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $93.67.

A number of equities research analysts have weighed in on PBAM shares. Weiss Ratings raised Private Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, September 29th. DA Davidson set a $105.00 price target on Private Bancorp in a research note on Monday, August 24th. Zacks Research cut Private Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, June 19th. Piper Sandler boosted their price target on Private Bancorp from $88.00 to $96.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Finally, Wall Street Zen upgraded Private Bancorp to a “hold” rating in a research report on Monday, August 24th.

Private Bancorp Stock Down 0.2%

Shares of NASDAQ PBAM opened at $84.19 on Friday. The firm has a market capitalization of $482.41 million, a price-to-earnings ratio of 10.95 and a beta of 0.06. Private Bancorp has a fifty-two week low of $54.45 and a fifty-two week high of $92.09.

Private Bancorp (NASDAQ:PBAM) last announced its quarterly earnings data on Monday, July 20th. The company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.27. Private Bancorp had a net margin of 25.45% and a return on equity of 16.53%. The business had revenue of $44.38 million for the quarter, compared to analysts’ expectations of $34.47 million. As a group, equities research analysts forecast that Private Bancorp will post 8.50 EPS for the current fiscal year.

About Private Bancorp

PrivateBancorp, Inc was a bank holding company headquartered in Chicago, Illinois. Through its principal banking subsidiary, The PrivateBank and Trust Company, it provided commercial banking, private banking and wealth management services to businesses, professionals, executives and high-net-worth individuals.

The company offered deposit accounts, commercial and real estate lending, treasury management, investment management and trust services. Its commercial banking activities included financing for middle-market companies, commercial real estate developers and investors, while its private banking business served clients with customized lending, deposit and financial planning needs.

PrivateBancorp operated primarily in the Midwest and other selected U.S.