Private Bancorp (NASDAQ:PBAM) Upgraded by Wall Street Zen to “Hold” Rating

Private Bancorp (NASDAQ:PBAM) was upgraded by Wall Street Zen to a “hold” rating in a research note issued to investors on Monday.

Separately, DA Davidson increased their price target on Private Bancorp from $96.00 to $105.00 and gave the stock a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $105.00.

Private Bancorp Price Performance

PBAM stock traded up $0.94 during trading on Monday, hitting $88.65. The company had a trading volume of 18,343 shares, compared to its average volume of 7,471. Private Bancorp has a one year low of $54.45 and a one year high of $88.90. The stock has a market capitalization of $507.61 million, a PE ratio of 11.51 and a beta of 0.06.

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.