PrivateBancorp (NASDAQ:PVTB) Receiving Somewhat Positive Media Coverage, Analysis Finds

News headlines about PrivateBancorp (NASDAQ:PVTB) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PrivateBancorp earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 72 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the next few days.

A number of research firms recently weighed in on PVTB. Zacks Investment Research raised PrivateBancorp from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Saturday, June 24th. Jefferies Group LLC reaffirmed a “hold” rating and set a $44.00 price objective on shares of PrivateBancorp in a research report on Friday, June 2nd. Piper Jaffray Companies raised their price objective on PrivateBancorp from $50.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, April 4th. Finally, Keefe, Bruyette & Woods lowered PrivateBancorp from an “outperform” rating to a “market perform” rating and set a $63.00 target price for the company. in a report on Friday, May 26th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $59.00.

PrivateBancorp (NASDAQ PVTB) opened at 60.97 on Friday. The stock has a 50 day moving average price of $59.93 and a 200-day moving average price of $57.09. PrivateBancorp has a 1-year low of $34.00 and a 1-year high of $61.12.

In related news, insider Bruce S. Lubin sold 130,960 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $60.51, for a total value of $7,924,389.60. Following the completion of the sale, the insider now directly owns 230,915 shares of the company’s stock, valued at $13,972,666.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Paul E. Carey sold 16,316 shares of PrivateBancorp stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $59.78, for a total transaction of $975,370.48. Following the completion of the transaction, the insider now owns 22,162 shares in the company, valued at $1,324,844.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 474,654 shares of company stock valued at $28,672,444. 3.91% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.chaffeybreeze.com/2017/07/30/privatebancorp-nasdaqpvtb-receiving-somewhat-favorable-news-coverage-study-shows-updated-updated-updated.html.

About PrivateBancorp

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.

Insider Buying and Selling by Quarter for PrivateBancorp (NASDAQ:PVTB)

Receive News & Ratings for PrivateBancorp Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PrivateBancorp Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply