Parametrica Management Ltd adds PrivateBancorp Inc (PVTB) to its portfolio

PrivateBancorp Inc (PVTB) : Parametrica Management Ltd added new position in PrivateBancorp Inc during the most recent quarter end. The investment management firm now holds 19,329 shares of PrivateBancorp Inc which is valued at $854,728 , the company said in a statement filed on Jul 22, 2016 with the SEC.PrivateBancorp Inc makes up approximately 1.22% of Parametrica Management Ltd’s portfolio.

Other Hedge Funds, Including , Meeder Asset Management Inc reduced its stake in PVTB by selling 1,780 shares or 43.66% in the most recent quarter. The Hedge Fund company now holds 2,297 shares of PVTB which is valued at $101,573. PrivateBancorp Inc makes up approx 0.01% of Meeder Asset Management Inc’s portfolio.Capital One National Association reduced its stake in PVTB by selling 5,541 shares or 23.32% in the most recent quarter. The Hedge Fund company now holds 18,220 shares of PVTB which is valued at $804,595. PrivateBancorp Inc makes up approx 0.06% of Capital One National Association’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.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.

PrivateBancorp Inc opened for trading at $43.8 and hit $44.37 on the upside on Friday, eventually ending the session at $44.2, with a gain of 0.75% or 0.33 points. The heightened volatility saw the trading volume jump to 13,01,443 shares. Company has a market cap of $3,509 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.

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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