Eagle Boston Investment Management Inc buys $10,023,194 stake in PrivateBancorp Inc (PVTB)

PrivateBancorp Inc (PVTB) : Eagle Boston Investment Management Inc scooped up 1,773 additional shares in PrivateBancorp Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 221,654 shares of PrivateBancorp Inc which is valued at $10,023,194.PrivateBancorp Inc makes up approximately 1.30% of Eagle Boston Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Weaver C. Barksdale Associates boosted its stake in PVTB in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 73 shares of PrivateBancorp Inc which is valued at $3,301. PrivateBancorp Inc makes up approx 0.01% of Weaver C. Barksdale Associates’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in PVTB in the latest quarter, The investment management firm added 547 additional shares and now holds a total of 27,403 shares of PrivateBancorp Inc which is valued at $1,244,644. PrivateBancorp Inc makes up approx 0.03% of Oregon Public Employees Retirement Fund’s portfolio. First Mercantile Trust Co sold out all of its stake in PVTB during the most recent quarter. The investment firm sold 18,300 shares of PVTB which is valued $826,977.Capital Investment Services Of America reduced its stake in PVTB by selling 381,123 shares or 98.17% in the most recent quarter. The Hedge Fund company now holds 7,100 shares of PVTB which is valued at $320,849. PrivateBancorp Inc makes up approx 0.06% of Capital Investment Services Of America’s portfolio.Beacon Financial Group reduced its stake in PVTB by selling 623 shares or 6.61% in the most recent quarter. The Hedge Fund company now holds 8,799 shares of PVTB which is valued at $399,651. PrivateBancorp Inc makes up approx 0.08% of Beacon Financial Group’s portfolio.

PrivateBancorp Inc closed down -0.2 points or -0.44% at $45.22 with 5,11,287 shares getting traded on Tuesday. Post opening the session at $45.35, the shares hit an intraday low of $45.05 and an intraday high of $45.41 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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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