Short Term Price Target on PrivateBancorp (PVTB)

PrivateBancorp (NASDAQ:PVTB) : 8 investment research analysts covering PrivateBancorp (NASDAQ:PVTB) have an average price target of $44 for the near short term. The highest target price given by the Brokerage Firm to the stock is $49 and the lowest target is $38 for the short term. Analysts expect the variance to be within $3.21 of the average price.

Shares of PrivateBancorp, Inc. appreciated by 7% during the last five trading days but lost 1.03% on a 4-week basis. PrivateBancorp, Inc. is up 13.95% in the last 3-month period. Year-to-Date the stock performance stands at 7.39%. Also, Piper Jaffray initiates coverage on PrivateBancorp (NASDAQ:PVTB). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on June 10, 2016.

PrivateBancorp (NASDAQ:PVTB) : 10 analysts are covering PrivateBancorp (NASDAQ:PVTB) and their average rating on the stock is 2.4, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. PrivateBancorp (NASDAQ:PVTB) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

PrivateBancorp (NASDAQ:PVTB): The stock opened at $44.22 on Thursday but the bulls could not build on the opening and the stock topped out at $44.41 for the day. The stock traded down to $43.76 during the day, due to lack of any buying support eventually closed down at $44.03 with a loss of -0.59% for the day. The stock had closed at $44.29 on the previous day. The total traded volume was 9,494,960 shares.

PrivateBancorp, Inc. is a bank holding company. The Company provides financial services to middle market companies, as well as business owners, executives, entrepreneurs and families in all the markets and communities it serves. The Company provides a range of commercial, real estate and personal lending products and services to its clients. The Company has three operating segments: Banking, Asset Management and Holding Company activities. Its Banking segment includes commercial banking, community banking and the private banking business within private wealth. The Companys Asset Management segment includes certain activities of its PrivateWealth group, including investment management, personal trust and estate administration, custodial and escrow, retirement account administration and brokerage services. The activities of the Holding Company Activities segment include the direct and indirect ownership of its banking subsidiary, the issuance of debt and intersegment eliminations.

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