The Somewhat Positive News Coverage Somewhat Likely to Impact PrivateBancorp (PVTB) Share Price

The Somewhat Positive News Coverage Somewhat Likely to Impact PrivateBancorp (PVTB) Share Price

Here are some of the news headlines that may have impacted Alpha One Sentiment’s analysis:

Headlines about PrivateBancorp (NASDAQ:PVTB) have been trending somewhat positive this week, AlphaOne Sentiment reports. The research firm, a division of Accern, rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. PrivateBancorp earned a daily sentiment score of 0.20 on AlphaOne’s scale. AlphaOne also gave news headlines about the financial services provider an impact score of 52 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the next several days.

Several research analysts have recently issued reports on PVTB shares. BMO Capital Markets reaffirmed a “hold” rating and set a $61.00 price objective on shares of PrivateBancorp in a research report on Wednesday, March 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $44.00 price objective on shares of PrivateBancorp in a research report on Friday. Keefe, Bruyette & Woods cut PrivateBancorp from an “outperform” rating to a “market perform” rating and set a $63.00 price objective for the company. in a research report on Friday, May 26th. Finally, Piper Jaffray Companies boosted their target price on PrivateBancorp from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, April 4th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $54.86. Shares of PrivateBancorp (NASDAQ PVTB) opened at 59.67 on Monday. The stock has a market capitalization of $4.78 billion, a P/E ratio of 22.46 and a beta of 1.26. The firm’s 50-day moving average price is $59.10 and its 200 day moving average price is $55.80. PrivateBancorp has a 1-year low of $34.00 and a 1-year high of $60.43.

PrivateBancorp (NASDAQ:PVTB) last announced its earnings results on Thursday, April 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.03. PrivateBancorp had a net margin of 25.64% and a return on equity of 11.48%. The company had revenue of $198.30 million for the quarter, compared to analyst estimates of $197.26 million. During the same period in the prior year, the business earned $0.62 earnings per share. Analysts expect that PrivateBancorp will post $3.08 EPS for the current fiscal year. PrivateBancorp Company Profile

PrivateBancorp, Inc is a bank holding company for The PrivateBank and Trust Company (the Bank). Through the Bank, the Company provides customized business and personal financial services to middle market companies, as well as business owners, executives, entrepreneurs and families in the markets and communities it serves.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:PVTB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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