NEW YORK ( TheStreet) -- The ex-dividend date for PrivateBancorp Inc (Nasdaq: PVTB) is tomorrow, September 14, 2011. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $7.80 as of 9:30 a.m. ET, the dividend yield is 0.5%.

The average volume for PrivateBancorp has been 739,600 shares per day over the past 30 days. PrivateBancorp has a market cap of $548.6 million and is part of the financial sector and banking industry. Shares are down 46.3% year to date as of the close of trading on Monday.

PrivateBancorp, Inc. operates as the holding company for The PrivateBank and Trust Company that provides business and personal financial services to middle-market companies and business owners, executives, entrepreneurs, and families in the United States. The company has a P/E ratio of 20.6, below the average banking industry P/E ratio of 21.2 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates PrivateBancorp as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full PrivateBancorp Ratings Report.

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