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Zacks Investment Research upgraded PrivateBancorp Inc (NASDAQ:PVTB) to Hold in a report released today.

Zacks Investment Research has upgraded PrivateBancorp Inc (NASDAQ:PVTB) to Hold in a report released on 11/29/2016.

Yesterday PrivateBancorp Inc (NASDAQ:PVTB) traded -0.02% lower at $46.81. The company’s 50-day moving average is $45.65 and its 200-day moving average is $44.25. The last stock close price is up 5.76% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 0 shares of the stock were exchanged, down from an average trading volume of 641,552

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PrivateBancorp Inc (NASDAQ:PVTB)

PrivateBancorp Inc has a 52 week low of $31.18 and a 52 week high of $46.98 with a P/E ratio of 18.82 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 11 firms have reported on the stock. The consensus target price is $44.18 with 1 firm rating the stock a strong buy, 3 firms rating the stock a buy, 10 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About PrivateBancorp Inc (NASDAQ:PVTB)

PrivateBancorp, Inc. (PrivateBancorp) is a bank holding company. The PrivateBank and Trust Company (the Bank or the PrivateBank) is its bank subsidiary. The Company has three operating segments. The Banking segment consists of commercial and personal banking services. Commercial banking services are primarily provided to corporations and other business clients and include an array of lending and cash management products. Personal banking services offered to individuals, professionals, and entrepreneurs include direct lending and depository services. Its Asset Management segment includes certain activities of its PrivateWealth group, including investment management, personal trust and estate administration, custodial and escrow services, 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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