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

Key Points

• Analysts have a “Moderate Buy” consensus on Private Bancorp, with four buy ratings and one hold rating. The average 12-month price target is $93.67, implying potential upside from the reported $85.25 share price.
• Recent analyst actions were mixed but generally positive: Piper Sandler raised its target to $96, DA Davidson set a $105 target, while Zacks Research downgraded the stock to hold.
• Private Bancorp exceeded quarterly expectations, reporting $2.27 in EPS versus a $2.00 consensus estimate and $44.38 million in revenue versus $34.47 million expected.

Private Bancorp (NASDAQ:PBAM - Get Free Report) has received a consensus rating of "Moderate Buy" from the five analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $93.67.

A number of equities analysts have recently issued reports on PBAM shares. Piper Sandler upped their price target on Private Bancorp from $88.00 to $96.00 and gave the stock an "overweight" rating in a research report on Monday, July 20th. Zacks Research cut Private Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 19th. DA Davidson set a $105.00 target price on Private Bancorp in a research note on Monday, August 24th. Wall Street Zen raised 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 note on Tuesday, September 29th.

Private Bancorp Stock Down 0.2%

Shares of Private Bancorp stock traded down $0.18 on Friday, reaching $85.25. The stock had a trading volume of 78,123 shares, compared to its average volume of 29,524. Private Bancorp has a 1 year low of $54.45 and a 1 year high of $92.09. The company has a market cap of $488.48 million, a P/E ratio of 11.07 and a beta of 0.06.

Private Bancorp (NASDAQ:PBAM - Get Free Report) last posted its earnings results on Monday, July 20th. The company reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.00 by $0.27. The company had revenue of $44.38 million during the quarter, compared to analysts' expectations of $34.47 million. Private Bancorp had a net margin of 25.45% and a return on equity of 16.53%. As a group, equities research analysts forecast 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.

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