Private Bank Trust Co Lowers stake in PrivateBancorp Inc (PVTB)

PrivateBancorp Inc (PVTB) : Private Bank Trust Co reduced its stake in PrivateBancorp Inc by 0.87% during the most recent quarter end. The investment management company now holds a total of 155,111 shares of PrivateBancorp Inc which is valued at $6,843,497 after selling 1,360 shares in PrivateBancorp Inc , the firm said in a disclosure report filed with the SEC on Jul 14, 2016.PrivateBancorp Inc makes up approximately 1.03% of Private Bank Trust Co’s portfolio.

Other Hedge Funds, Including , 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.Fisher Asset Management reduced its stake in PVTB by selling 900 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 1,405,758 shares of PVTB which is valued at $61,965,813. PrivateBancorp Inc makes up approx 0.12% of Fisher Asset Management’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.Bnp Paribas Arbitrage Sa boosted its stake in PVTB in the latest quarter, The investment management firm added 32,178 additional shares and now holds a total of 59,472 shares of PrivateBancorp Inc which is valued at $2,600,711. PrivateBancorp Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

PrivateBancorp Inc closed down -0.06 points or -0.14% at $44.12 with 20,94,173 shares getting traded on Monday. Post opening the session at $44.28, the shares hit an intraday low of $44.02 and an intraday high of $44.3 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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. 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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