UPDATE: D.A. Davidson Initiates PrivateBancorp at Neutral on Strong Loan Growth
June 14, 2013 at 10:31 AM EDT
In a report published Friday, D.A. Davidson analyst Stephen Geyen initiated coverage on PrivateBancorp (NASDAQ: PVTB ) with a Neutral rating and $21.00 price target. In the report, D.A. Davidson noted, “PrivateBancorp has carved out an enviable position in the Chicago commercial lending middle-market with very impressive loan growth. Profitability,