Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on PrivateBancorp

Share:
Related PVTB
Wells Fargo Underestimated These 10 Companies
Earnings Scheduled For April 16, 2015

In a report published Wednesday, Jefferies & Company reiterated its Hold rating on PrivateBancorp (NASDAQ: PVTB), but lowered its price target from $18.00 to $16.00.

Jefferies noted, “Post meetings with CFO Kevin Killips, we cut our 2013 EPS estimate a dime to $1.15 due primarily to a weaker NIM forecast. Despite a tougher rev. outlook, there is little opportunity for expense leverage leaving credit recovery, which is slowing, as the only positive EPS driver. At 1.1x book, downside is limited, but stock is vulnerable to some near-term underperformance until NIM forecasts are revised lower.”

PrivateBancorp closed on Tuesday at $15.60.

Latest Ratings for PVTB

DateFirmActionFromTo
Apr 2015SunTrust Robinson HumphreyMaintainsNeutral
Mar 2015BMO CapitalDowngradesOutperformMarket Perform
Mar 2015Keefe Bruyette & WoodsMaintainsOutperform

View More Analyst Ratings for PVTB
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (PVTB)

Around the Web, We're Loving...