Private Bancorp (NASDAQ:PBAM) Stock Has Consensus Target Price of $93.67

Shares of Private Bancorp (NASDAQ:PBAM) have been given an average rating of “Moderate Buy” by the five research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $93.67.

PBAM has been the topic of several research analyst reports. 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 research note on Friday, June 19th. Piper Sandler lifted their target price on Private Bancorp from $88.00 to $96.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Wall Street Zen upgraded Private Bancorp to a “hold” rating in a research report on Monday, August 24th. Finally, Weiss Ratings upgraded Private Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, September 29th.

Private Bancorp Price Performance

Shares of PBAM traded down $0.18 during trading hours on Friday, reaching $85.25. 78,123 shares of the company traded hands, compared to its average volume of 29,524. The firm has a market capitalization of $488.48 million, a PE ratio of 11.07 and a beta of 0.06. Private Bancorp has a 12-month low of $54.45 and a 12-month high of $92.09.

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

Private Bancorp Company Profile

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.