Privatebancorp, Inc (PVTB): C. Brant Ahrens , President, Personal Client Ser of Privatebancorp, Inc sold 2,500 shares on Sep 8, 2016. The Insider selling transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were sold at $46.32 per share for a total value of $115,800.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 22, 2016, Edward W Rabin (director) sold 5,250 shares at $45.18 per share price.On Aug 2, 2016, Bruce R. Hague (Pres. of Natl. Com. Banking) sold 11,236 shares at $43.92 per share price.Also, On Oct 23, 2015, Leonard Wiatr (Chief Risk Officer) sold 350 shares at $40.58 per share price.On Oct 19, 2015, Ralph B Mandell (director) sold 15,000 shares at $40.26 per share price.
PrivateBancorp Inc: On Monday, Sep 12, 2016 heightened volatility was witnessed in PrivateBancorp Inc which led to swings in the share price. The shares opened for trading at $45.48 and hit $45.73 on the upside , eventually ending the session at $45.73, with a gain of 0.07% or 0.03 points. The heightened volatility saw the trading volume jump to 714,057 shares. The 52-week high of the share price is $46.7 and the company has a market cap of $3,635 M . The 52-week low of the share price is at $31.18.
On Aug 22, 2016, PrivateBancorp Inc announced a cash dividend of $0.0100. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 30, 2016.
Company has been under the radar of several Street Analysts.PrivateBancorp Inc is Downgraded by Keefe Bruyette to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Jun 30, 2016.PrivateBancorp Inc is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Strong Buy on the company shares. The Rating was issued on Jun 30, 2016.PrivateBancorp Inc is Downgraded by RBC Capital Mkts to Sector Perform and the brokerage firm has set the Price Target at $46. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Jun 30, 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.