Keefe, Bruyette & Woods Lowers Price Target On PrivateBancorp On Intact Growth Outlook
In a report published Tuesday, Keefe, Bruyette & Woods analyst Christopher McGratty reiterated an Outperform rating on PrivateBancorp (NASDAQ: PVTB), but lowered the price target from $37.00 to $36.00.
In the report, Keefe, Bruyette & Woods noted, “Adjusted EPS of $0.50 hit consensus due to a stronger top line (12% LQA loan growth) and solid credit trends (5bps NCOs), although the NIM and expenses largely offset this.”
PrivateBancorp closed on Friday at $30.92.
Latest Ratings for PVTB
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2017 | Keefe, Bruyette & Woods | Upgrades | Market Perform | Outperform |
| Jun 2016 | Keefe, Bruyette & Woods | Downgrades | Outperform | Market Perform |
| Jun 2016 | Piper Sandler | Initiates Coverage On | Neutral |
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Posted-In: Bruyette & Woods Christopher McGratty KeefeAnalyst Color Price Target Analyst Ratings
