Private Bancorp (NASDAQ:PBAM) Price Target Raised to $107.00

Private Bancorp (NASDAQ:PBAM) had its price objective increased by DA Davidson from $105.00 to $107.00 in a research note published on Tuesday morning, MarketBeat Ratings reports. DA Davidson currently has a buy rating on the stock.

A number of other analysts also recently commented on PBAM. Piper Sandler upped their price objective on Private Bancorp from $96.00 to $101.00 and gave the stock an “overweight” rating in a report on Tuesday. Wall Street Zen upgraded Private Bancorp to a “hold” rating in a report on Monday, August 24th. Finally, Weiss Ratings downgraded Private Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.00.

Private Bancorp Trading Up 0.7%

PBAM opened at $86.79 on Tuesday. The firm has a market capitalization of $497.31 million, a price-to-earnings ratio of 10.74 and a beta of 0.06. The firm’s fifty day moving average is $87.52. Private Bancorp has a 52 week low of $55.12 and a 52 week high of $92.09.

Private Bancorp (NASDAQ:PBAM) last announced its 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). The firm had revenue of $35.56 million during the quarter, compared to analyst estimates of $35.07 million. Private Bancorp had a net margin of 26.03% and a return on equity of 16.91%. On average, research analysts forecast that Private Bancorp will post 8.44 earnings per share for the current fiscal 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.