Sphinx Trading Lp adds PrivateBancorp Inc (PVTB) to its portfolio

PrivateBancorp Inc (PVTB) : Sphinx Trading Lp added new position in PrivateBancorp Inc during the most recent quarter end. The investment management firm now holds 10,000 shares of PrivateBancorp Inc which is valued at $442,200 , the company said in a statement filed on Jul 21, 2016 with the SEC.PrivateBancorp Inc makes up approximately 3.55% of Sphinx Trading Lp’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. 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.Independent Portfolio Consultants boosted its stake in PVTB in the latest quarter, The investment management firm added 387 additional shares and now holds a total of 4,082 shares of PrivateBancorp Inc which is valued at $180,098. PrivateBancorp Inc makes up approx 0.05% of Independent Portfolio Consultants’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in PVTB by selling 875 shares or 2.43% in the most recent quarter. The Hedge Fund company now holds 35,200 shares of PVTB which is valued at $1,551,616. PrivateBancorp Inc makes up approx 0.01% of Nn Investment Partners Holdings N.v.’s portfolio.

PrivateBancorp Inc closed down -0.12 points or -0.27% at $43.87 with 7,22,771 shares getting traded on Thursday. Post opening the session at $43.9, the shares hit an intraday low of $43.75 and an intraday high of $44.12 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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