PrivateBancorp Inc (PVTB) Releases Earnings Results, Reports EPS of $0.62 EPS

PrivateBancorp Inc (PVTB) reported quarterly earnings results on Thursday, Jul-21-2016. The company reported $0.62 EPS for the quarter. Analysts had a consensus estimate of $0.62. The company posted revenue of $180.30 million in the period, 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 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.

In a different news, on Oct 23, 2015, Bruce R. Hague (Pres. of Natl. Com. Banking) sold 126,867 shares at $40.85 per share price. According to the SEC, 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, according to the Form-4 filing with the securities and exchange commission.

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.

PrivateBancorp Inc

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