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NEW YORK ( TheStreet) -- The ex-dividend date for PrivateBancorp (Nasdaq: PVTB) is tomorrow, December 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 $9.84 as of 10:10 a.m. ET, the dividend yield is 0.4%. The average volume for PrivateBancorp has been 750,600 shares per day over the past 30 days. PrivateBancorp has a market cap of $710.8 million and is part of the financial sector and banking industry. Shares are down 31.2% 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 22.5, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 17.7.