Private Bank Trust Co Lowers stake in PrivateBancorp Inc (PVTB)

PrivateBancorp Inc (PVTB) : Private Bank Trust Co reduced its stake in PrivateBancorp Inc by 6.37% during the most recent quarter end. The investment management company now holds a total of 156,471 shares of PrivateBancorp Inc which is valued at $6,676,618 after selling 10,643 shares in PrivateBancorp Inc , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.PrivateBancorp Inc makes up approximately 1.14% of Private Bank Trust Co’s portfolio.

PrivateBancorp Inc opened for trading at $42 and hit $42.88 on the upside on Friday, eventually ending the session at $42.67, with a gain of 1.45% or 0.61 points. The heightened volatility saw the trading volume jump to 4,67,520 shares. Company has a market cap of $3,387 M.

Other Hedge Funds, Including , New York State Teachers Retirement System reduced its stake in PVTB by selling 34,969 shares or 20.19% in the most recent quarter. The Hedge Fund company now holds 138,221 shares of PVTB which is valued at $5,897,890. PrivateBancorp Inc makes up approx 0.02% of New York State Teachers Retirement System’s portfolio. Eqis Capital Management added PVTB to its portfolio by purchasing 18,252 company shares during the most recent quarter which is valued at $671,126. PrivateBancorp Inc makes up approx 0.05% of Eqis Capital Management’s portfolio.Eagle Boston Investment Management Inc boosted its stake in PVTB in the latest quarter, The investment management firm added 6,035 additional shares and now holds a total of 214,225 shares of PrivateBancorp Inc which is valued at $7,877,053. PrivateBancorp Inc makes up approx 1.11% of Eagle Boston Investment Management Inc’s portfolio.New England Research Management boosted its stake in PVTB in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 17,550 shares of PrivateBancorp Inc which is valued at $645,314. PrivateBancorp Inc makes up approx 0.56% of New England Research Management’s portfolio.Capital Investment Services Of America reduced its stake in PVTB by selling 3,177 shares or 0.8% in the most recent quarter. The Hedge Fund company now holds 393,223 shares of PVTB which is valued at $14,458,810. PrivateBancorp Inc makes up approx 2.78% of Capital Investment Services Of America’s portfolio.

On the company’s financial health, PrivateBancorp Inc reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.57.Analysts expectations of $ 170.03.During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on PrivateBancorp Inc. Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 46 from a previous price target of $44 .PrivateBancorp Inc was Downgraded by FIG Partners to ” Market Perform” on Mar 22, 2016. PrivateBancorp Inc was Upgraded by Sun Trust Rbsn Humphrey to ” Buy” on Feb 9, 2016.

PrivateBancorp Inc. is a bank holding company. The Company provides financial services to middle market companies as well as business owners executives entrepreneurs and families in all the markets and communities it serves. The Company provides a range of commercial real estate and personal lending products and services to its clients. The Company has three operating segments: Banking Asset Management and Holding Company activities. Its Banking segment includes commercial banking community banking and the private banking business within private wealth. The Company’s Asset Management segment includes certain activities of its PrivateWealth group including investment management personal trust and estate administration custodial and escrow retirement account administration and brokerage services. The activities of the Holding Company Activities segment include the direct and indirect ownership of its banking subsidiary the issuance of debt and intersegment eliminations.

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