Analyst Rating Update on PrivateBancorp (PVTB)

PrivateBancorp (NASDAQ:PVTB) : 2 brokerage houses believe that PrivateBancorp (NASDAQ:PVTB) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on PrivateBancorp (NASDAQ:PVTB). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 2.4.

PrivateBancorp (NASDAQ:PVTB) : Currently there are 8 street experts covering PrivateBancorp (NASDAQ:PVTB) stock. The most bullish and bearish price target for the stock is $49 and $38 respectively for the short term. The average price target of all the analysts comes to $44. The estimated standard deviation from the target is $3.21.

Company shares have received an average consensus rating of Hold for the current week 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): stock turned positive on Tuesday. Though the stock opened at $34.93, the bulls momentum made the stock top out at $36.08 level for the day. The stock recorded a low of $34.6 and closed the trading day at $35.93, in the green by 4.94%. The total traded volume for the day was 1,090,034. The stock had closed at $34.24 in the previous days trading.

In an insider trading activity, The officer (Pres. of Natl. Com. Banking), of Privatebancorp, Inc, Hague Bruce R. had unloaded 126,867 shares at $40.85 per share in a transaction on October 22, 2015. The total value of transaction was $5,182,517. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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