PrivateBancorp (PVTB): Price Target and June Short Interest Disclosure

PrivateBancorp (PVTB) : The highest short term price target forecast on PrivateBancorp (PVTB) is $47 and the lowest target price is $44. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $46 with a standard deviation of $1.15.

PrivateBancorp (PVTB) stated loss of 268,628 shares or 6.5% in the short interest. The short interest registered from 4,116,550 on June 15,2016 to 3,847,922 on June 30,2016. In terms of floated shares, the shorted positions stood at 5%. The stock has been averaging 3,232,522 shares daily in trading and would need 1 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Keefe Bruyette & Woods downgrades the rating on PrivateBancorp (NASDAQ:PVTB). The brokerage firm has issued a Market Perform rating on the shares. The shares were previously rated Outperform. The Analysts at the ratings agency maintains the price target to $45 per share. The rating by the firm was issued on June 30, 2016.


PrivateBancorp (NASDAQ:PVTB): On Thursdays trading session , Opening price of the stock was $44.25 with an intraday high of $44.74. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $44.07. However, the stock managed to close at $44.07, a loss of 0.02% for the day. On the previous day, the stock had closed at $44.08. The total traded volume of the day was 4,638,138 shares.

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 Companys 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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