Private Bancorp (NASDAQ:PBAM) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Private Bancorp (NASDAQ:PBAM) have earned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $96.00.

Several brokerages have commented on PBAM. Weiss Ratings raised shares of Private Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday. Piper Sandler lifted their price target on shares of Private Bancorp from $96.00 to $101.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 20th. Wall Street Zen raised shares of Private Bancorp to a “hold” rating in a research report on Monday, August 24th. Finally, DA Davidson boosted their price target on shares of Private Bancorp from $105.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, October 20th.

Private Bancorp Stock Up 0.7%

Shares of NASDAQ:PBAM opened at $85.91 on Tuesday. The firm has a market cap of $492.26 million, a P/E ratio of 10.71 and a beta of 0.06. The company has a 50 day moving average price of $87.20. Private Bancorp has a fifty-two week low of $55.12 and a fifty-two week high of $92.09.

Private Bancorp (NASDAQ:PBAM) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $35.07 million. Private Bancorp had a return on equity of 16.91% and a net margin of 26.03%. On average, equities analysts anticipate that Private Bancorp will post 8.44 earnings per share for the current 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.