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PrivateBancorp Gets Consensus Recommendation Of “” Hold”” From Analysts …

November 2, 2015 - Author: Bradley - Comments are closed

PrivateBancorp (NASDAQ: PVTB) last published its revenues outcomes on Thursday, July 16th. The monetary services carrier reported $0.58 EPS for the quarter, beating the Zacks’ agreement price quote of $0.52 by $0.06. The business earned $158.70 million during the quarter, compared with analyst estimates of $154.69 million. The business’s quarterly earnings was up 11.5 % compared with the same quarter in 2014. During the very same duration in the previous year, the company earned $0.52 EPS. Analysts anticipate that PrivateBancorp will publish $2.20 EPS for the present fiscal year.

The company likewise recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be released a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.10 %. The ex-dividend date of this dividend is Monday, September 14th.

A number of research companies have actually discussed PVTB. Zacks raised shares of PrivateBancorp from a hold rating to a buy score and set a $42.00 cost target on the stock in a research study report on Tuesday, September 8th. BMO Capital Markets upped their target rate on shares of PrivateBancorp from $39.00 to $40.00 and gave the stock a market perform score in a research note on Monday, July 20th. Jefferies Group enhanced their cost target on shares of PrivateBancorp from $37.00 to $42.00 in a research study note on Thursday, July Second. JPMorgan Chase # 038; Co. raised their target rate on shares of PrivateBancorp from $47.50 to $48.50 and offered the stock an obese score in a research report on Monday, July 20th. Lastly, Keefe, Bruyette # 038; Woods enhanced their cost target on PrivateBancorp from $43.00 to $45.00 and offered the stock a hold score in a report on Friday, July 17th.

PrivateBancorp, Inc. is a bank holding company. The Business provides financial services to middle market businesses, in addition to company owners, executives, business owners and households in many of the marketplaces and communities it serves. The Company provides a variety of industrial, genuinerealty and private lending items to its clients. The Company has 3 running sections: Banking, Possession Management and Holding Company activities. Its Banking sector includes the personal banking business, neighborhood banking and also commercial banking within private wealth. The Organization ‘‘ s Possession Management segment consists of particular activities of its PrivateWealth group, consisting of individual trust, investment management and estate administration, custodial and escrow, retirement account administration and brokerage services. The activities of the Holding Business Actions section include the indirect and direct ownership of its own banking subsidiary business, the issuance of debt and intersegment eliminations.

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