Copper Rock Capital Partners adds PrivateBancorp Inc (PVTB) to its portfolio

PrivateBancorp Inc (PVTB) : Copper Rock Capital Partners added new position in PrivateBancorp Inc during the most recent quarter end. The investment management firm now holds 571,944 shares of PrivateBancorp Inc which is valued at $21 Million according to a report filed by the company on Apr 5, 2016 with the SEC.PrivateBancorp Inc makes up approximately 1.85% of Copper Rock Capital Partners’s portfolio.

Other Hedge Funds, Including , Weaver C. Barksdale Associates added PVTB to its portfolio by purchasing 68 company shares during the most recent quarter which is valued at $2,500. Beacon Financial Group added PVTB to its portfolio by purchasing 9,650 company shares during the most recent quarter which is valued at $372,973. PrivateBancorp Inc makes up approx 0.08% of Beacon Financial Group’s portfolio.

On the company’s financial health, PrivateBancorp Inc reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jan 21, 2016. Analyst had a consensus of $0.56. The company had revenue of $170.40 million for the quarter, compared to analysts expectations of $163.97 million. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Many Wall Street Analysts have commented on PrivateBancorp Inc. 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 was Upgraded by FIG Partners to ” Outperform” on Feb 4, 2016.

PrivateBancorp Inc opened for trading at $37.05 and hit $37.79 on the upside on Monday, eventually ending the session at $36.77, with a gain of 0.16% or 0.06 points. The heightened volatility saw the trading volume jump to 6,43,592 shares. Company has a market cap of $2,918 M.

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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