Eagle Boston Investment Management Inc buys $9,709,945 stake in PrivateBancorp Inc (PVTB)

PrivateBancorp Inc (PVTB) : Eagle Boston Investment Management Inc scooped up 5,656 additional shares in PrivateBancorp Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 219,881 shares of PrivateBancorp Inc which is valued at $9,709,945.PrivateBancorp Inc makes up approximately 1.27% of Eagle Boston Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Lasalle Street Capital Management added PVTB to its portfolio by purchasing 5,215 company shares during the most recent quarter which is valued at $230,294. PrivateBancorp Inc makes up approx 0.21% of Lasalle Street Capital Management’s portfolio.Eqis Capital Management boosted its stake in PVTB in the latest quarter, The investment management firm added 3,624 additional shares and now holds a total of 21,876 shares of PrivateBancorp Inc which is valued at $965,169. PrivateBancorp Inc makes up approx 0.06% of Eqis Capital Management’s portfolio. Id Management As added PVTB to its portfolio by purchasing 1,400 company shares during the most recent quarter which is valued at $61,768. PrivateBancorp Inc makes up approx 0.02% of Id Management As’s portfolio.Capstone Asset Management Co boosted its stake in PVTB in the latest quarter, The investment management firm added 1,460 additional shares and now holds a total of 8,472 shares of PrivateBancorp Inc which is valued at $373,446. PrivateBancorp Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Beacon Financial Group reduced its stake in PVTB by selling 228 shares or 2.36% in the most recent quarter. The Hedge Fund company now holds 9,422 shares of PVTB which is valued at $415,322. PrivateBancorp Inc makes up approx 0.09% of Beacon Financial Group’s portfolio.

PrivateBancorp Inc opened for trading at $44.18 and hit $44.26 on the upside on Wednesday, eventually ending the session at $44.16, with a gain of 0.36% or 0.16 points. The heightened volatility saw the trading volume jump to 14,41,622 shares. Company has a market cap of $3,506 M.

On the company’s financial health, PrivateBancorp Inc reported $0.62 EPS for the quarter, based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus estimate of $0.62. The company had revenue of $180.30 million for the quarter, compared to analysts expectations of $175.59 million. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Many Wall Street Analysts have commented on PrivateBancorp Inc. PrivateBancorp Inc was Downgraded by Keefe Bruyette to ” Mkt Perform” on Jun 30, 2016. PrivateBancorp Inc was Downgraded by Raymond James to ” Mkt Perform” on Jun 30, 2016. RBC Capital Mkts Downgraded PrivateBancorp Inc on Jun 30, 2016 to ” Sector Perform”, Price Target of the shares are set at $46.

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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