Public Employees Retirement Association of Colorado increased its stake in shares of PrivateBancorp Inc. (NASDAQ:PVTB) by 22.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 666,119 shares of the financial services provider’s stock after buying an additional 121,731 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.84% of PrivateBancorp worth $29,329,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PVTB. State Street Corp boosted its position in shares of PrivateBancorp by 32.0% in the first quarter. State Street Corp now owns 3,775,732 shares of the financial services provider’s stock valued at $145,744,000 after buying an additional 914,741 shares during the period. Geode Capital Management LLC boosted its position in shares of PrivateBancorp by 2.9% in the first quarter. Geode Capital Management LLC now owns 689,579 shares of the financial services provider’s stock valued at $26,617,000 after buying an additional 19,572 shares during the period. Riverhead Capital Management LLC boosted its position in shares of PrivateBancorp by 12.4% in the first quarter. Riverhead Capital Management LLC now owns 18,092 shares of the financial services provider’s stock valued at $699,000 after buying an additional 1,992 shares during the period. BlackRock Inc. boosted its position in shares of PrivateBancorp by 11.8% in the first quarter. BlackRock Inc. now owns 30,479 shares of the financial services provider’s stock valued at $1,176,000 after buying an additional 3,206 shares during the period. Finally, Credit Agricole S A boosted its position in shares of PrivateBancorp by 855.8% in the first quarter. Credit Agricole S A now owns 342,173 shares of the financial services provider’s stock valued at $13,208,000 after buying an additional 306,373 shares during the period. Institutional investors and hedge funds own 90.86% of the company’s stock.

Institutional Ownership by Quarter for PrivateBancorp (NASDAQ:PVTB)

PrivateBancorp Inc. (NASDAQ:PVTB) traded up 0.33% during midday trading on Monday, reaching $45.34. 245,357 shares of the company traded hands. PrivateBancorp Inc. has a 1-year low of $31.18 and a 1-year high of $46.70. The firm has a 50-day moving average of $45.66 and a 200-day moving average of $42.72. The stock has a market capitalization of $3.60 billion, a P/E ratio of 18.49 and a beta of 1.88.

PrivateBancorp (NASDAQ:PVTB) last posted its earnings results on Thursday, July 21st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by $0.01. PrivateBancorp had a net margin of 26.08% and a return on equity of 11.60%. The company earned $180.30 million during the quarter, compared to analysts’ expectations of $175.59 million. During the same quarter last year, the firm earned $0.58 EPS. PrivateBancorp’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, analysts predict that PrivateBancorp Inc. will post $2.56 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.09%. PrivateBancorp’s payout ratio is 1.63%.

Several equities analysts have recently weighed in on PVTB shares. Zacks Investment Research cut shares of PrivateBancorp from a “buy” rating to a “hold” rating in a research note on Thursday, June 23rd. Sterne Agee CRT started coverage on shares of PrivateBancorp in a research note on Sunday, June 12th. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods cut shares of PrivateBancorp from an “outperform” rating to a “market perform” rating and set a $45.00 price objective on the stock. in a research note on Thursday, June 30th. Raymond James Financial Inc. cut shares of PrivateBancorp from a “strong-buy” rating to a “market perform” rating and set a $49.00 price objective on the stock. in a research note on Thursday, June 30th. Finally, Royal Bank Of Canada cut shares of PrivateBancorp from an “outperform” rating to a “sector perform” rating and set a $46.00 price objective on the stock. in a research note on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $44.50.

In other news, Director Edward W. Rabin sold 5,250 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $45.18, for a total transaction of $237,195.00. Following the sale, the director now owns 21,667 shares in the company, valued at $978,915.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bruce R. Hague sold 11,236 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $43.92, for a total value of $493,485.12. Following the sale, the insider now owns 139,225 shares in the company, valued at approximately $6,114,762. The disclosure for this sale can be found here. Insiders own 3.91% of the company’s stock.

PrivateBancorp Company Profile

PrivateBancorp, Inc (PrivateBancorp) is a bank holding company. The PrivateBank and Trust Company (the Bank or the PrivateBank) is its bank subsidiary. The Company has three operating segments. The Banking segment consists of commercial and personal banking services. Commercial banking services are primarily provided to corporations and other business clients and include an array of lending and cash management products.

5 Day Chart for NASDAQ:PVTB

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