Wall Street Zen Upgrades Private Bancorp (NASDAQ:PBAM) to “Hold”

Private Bancorp (NASDAQ:PBAM) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a report released on Monday.

Separately, DA Davidson boosted their target price on shares of Private Bancorp from $96.00 to $105.00 and gave the company a “buy” rating in a report on Monday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Private Bancorp currently has a consensus rating of “Buy” and a consensus target price of $105.00.

Private Bancorp Price Performance

NASDAQ:PBAM traded up $0.94 during trading hours on Monday, reaching $88.65. The stock had a trading volume of 18,343 shares, compared to its average volume of 7,471. The company has a market capitalization of $507.61 million, a P/E ratio of 11.51 and a beta of 0.06. Private Bancorp has a 12-month low of $54.45 and a 12-month high of $88.90.

PrivateBancorp, Inc was a Chicago-based bank holding company that operated through The PrivateBank and Trust Company. The company provided banking and financial services primarily to middle-market businesses, professional firms, executives, entrepreneurs and high-net-worth individuals.

Its principal offerings included commercial lending, commercial real estate financing, treasury management, deposit accounts, mortgage lending, private banking and wealth management services. The bank served clients through offices in selected metropolitan markets, including Chicago and other major U.S.