Capstone Investment Advisors buys $13,482,000 stake in PrivateBancorp Inc (PVTB)

PrivateBancorp Inc (PVTB) : Capstone Investment Advisors scooped up 287,100 additional shares in PrivateBancorp Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 300,000 shares of PrivateBancorp Inc which is valued at $13,482,000.PrivateBancorp Inc makes up approximately 0.99% of Capstone Investment Advisors’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc boosted its stake in PVTB in the latest quarter, The investment management firm added 8,868 additional shares and now holds a total of 330,765 shares of PrivateBancorp Inc which is valued at $14,864,579. PrivateBancorp Inc makes up approx 0.02% of Schwab Charles Investment Management Inc’s portfolio.Ranger Investment Management reduced its stake in PVTB by selling 230,238 shares or 17.25% in the most recent quarter. The Hedge Fund company now holds 1,104,685 shares of PVTB which is valued at $49,644,544. PrivateBancorp Inc makes up approx 2.90% of Ranger Investment Management’s portfolio.Blackrock Investment Management boosted its stake in PVTB in the latest quarter, The investment management firm added 33,158 additional shares and now holds a total of 519,165 shares of PrivateBancorp Inc which is valued at $23,331,275. PrivateBancorp Inc makes up approx 0.03% of Blackrock Investment Management’s portfolio.Swiss National Bank boosted its stake in PVTB in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 127,800 shares of PrivateBancorp Inc which is valued at $5,624,478. PrivateBancorp Inc makes up approx 0.01% of Swiss National Bank’s portfolio.

PrivateBancorp Inc opened for trading at $46.07 and hit $46.15 on the upside on Thursday, eventually ending the session at $46.12, with a gain of 0.37% or 0.17 points. The heightened volatility saw the trading volume jump to 7,57,285 shares. Company has a market cap of $3,666 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.

Investors should note that on Aug 22, 2016, PrivateBancorp Inc announced a cash dividend of $0.0100. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 30, 2016.

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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