PrivateBancorp Inc (PVTB) : Hutchin Hill Capital Lp added new position in PrivateBancorp Inc during the most recent quarter end. The investment management firm now holds 1,810,653 shares of PrivateBancorp Inc which is valued at $81,370,746 , the company said in a statement filed on Aug 15, 2016 with the SEC.PrivateBancorp Inc makes up approximately 5.13% of Hutchin Hill Capital Lp’s portfolio.
Other Hedge Funds, Including , Aqr Capital Management reduced its stake in PVTB by selling 11,926 shares or 9.17% in the most recent quarter. The Hedge Fund company now holds 118,082 shares of PVTB which is valued at $5,306,605. PrivateBancorp Inc makes up approx 0.01% of Aqr Capital Management’s portfolio.Parametric Portfolio Associates reduced its stake in PVTB by selling 21,363 shares or 16.54% in the most recent quarter. The Hedge Fund company now holds 107,796 shares of PVTB which is valued at $4,844,352. PrivateBancorp Inc makes up approx 0.01% of Parametric Portfolio Associates’s portfolio.Thomas White International Ltd reduced its stake in PVTB by selling 475 shares or 67.38% in the most recent quarter. The Hedge Fund company now holds 230 shares of PVTB which is valued at $10,336. First Personal Financial Services added PVTB to its portfolio by purchasing 187 company shares during the most recent quarter which is valued at $8,286.American Research Management reduced its stake in PVTB by selling 1,400 shares or 21.54% in the most recent quarter. The Hedge Fund company now holds 5,100 shares of PVTB which is valued at $225,420. PrivateBancorp Inc makes up approx 0.08% of American Research Management’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.