Messner Smith Theme Value Investment Management Ltd Ca Lowers stake in PrivateBancorp Inc (PVTB)

PrivateBancorp Inc (PVTB) : Messner Smith Theme Value Investment Management Ltd Ca reduced its stake in PrivateBancorp Inc by 0.82% during the most recent quarter end. The investment management company now holds a total of 35,047 shares of PrivateBancorp Inc which is valued at $1,575,012 after selling 288 shares in PrivateBancorp Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.PrivateBancorp Inc makes up approximately 2.71% of Messner Smith Theme Value Investment Management Ltd Ca’s portfolio.

Other Hedge Funds, Including , I.g. Investment Management Ltd. boosted its stake in PVTB in the latest quarter, The investment management firm added 677 additional shares and now holds a total of 37,431 shares of PrivateBancorp Inc which is valued at $1,654,450. PrivateBancorp Inc makes up approx 0.01% of I.g. Investment Management Ltd.’s portfolio.Columbus Circle Investors reduced its stake in PVTB by selling 216,514 shares or 15.32% in the most recent quarter. The Hedge Fund company now holds 1,196,982 shares of PVTB which is valued at $52,679,178. PrivateBancorp Inc makes up approx 0.50% of Columbus Circle Investors’s portfolio.Palisade Capital Managementnj reduced its stake in PVTB by selling 9,202 shares or 1.15% in the most recent quarter. The Hedge Fund company now holds 793,629 shares of PVTB which is valued at $34,927,612. PrivateBancorp Inc makes up approx 1.48% of Palisade Capital Managementnj’s portfolio. Clarivest Asset Management sold out all of its stake in PVTB during the most recent quarter. The investment firm sold 63,046 shares of PVTB which is valued $2,786,633.

PrivateBancorp Inc opened for trading at $45.14 and hit $45.26 on the upside on Friday, eventually ending the session at $45.21, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 3,43,542 shares. Company has a market cap of $3,594 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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