Penn Capital Management Co Inc Lowers stake in PrivateBancorp Inc (PVTB)

PrivateBancorp Inc (PVTB) : Penn Capital Management Co Inc reduced its stake in PrivateBancorp Inc by 3.11% during the most recent quarter end. The investment management company now holds a total of 715,481 shares of PrivateBancorp Inc which is valued at $28 Million after selling 22,980 shares in PrivateBancorp Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.PrivateBancorp Inc makes up approximately 1.61% of Penn Capital Management Co Inc’s portfolio.

Other Hedge Funds, Including , Fuller Thaler Asset Management boosted its stake in PVTB in the latest quarter, The investment management firm added 247,871 additional shares and now holds a total of 1,209,391 shares of PrivateBancorp Inc which is valued at $47.4 Million. PrivateBancorp Inc makes up approx 0.93% of Fuller Thaler Asset Management’s portfolio.Bradley Foster Sargent Incct reduced its stake in PVTB by selling 6,000 shares or 39.88% in the most recent quarter. The Hedge Fund company now holds 9,045 shares of PVTB which is valued at $354,383. PrivateBancorp Inc makes up approx 0.02% of Bradley Foster Sargent Incct’s portfolio.Rs Investment Management Co boosted its stake in PVTB in the latest quarter, The investment management firm added 291,290 additional shares and now holds a total of 1,169,750 shares of PrivateBancorp Inc which is valued at $45.8 Million. PrivateBancorp Inc makes up approx 0.46% of Rs Investment Management Co’s portfolio.California Public Employees Retirement System boosted its stake in PVTB in the latest quarter, The investment management firm added 31,200 additional shares and now holds a total of 247,900 shares of PrivateBancorp Inc which is valued at $9.9 Million. PrivateBancorp Inc makes up approx 0.02% of California Public Employees Retirement System’s portfolio. Checchi Capital Advisers added PVTB to its portfolio by purchasing 471 company shares during the most recent quarter which is valued at $18,798. PrivateBancorp Inc makes up approx 0.01% of Checchi Capital Advisers’s portfolio.

PrivateBancorp Inc opened for trading at $41.18 and hit $42.02 on the upside on Friday, eventually ending the session at $41.62, with a gain of 1.76% or 0.72 points. The heightened volatility saw the trading volume jump to 4,02,189 shares. Company has a market cap of $3,304,004 M.

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. 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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