PrivateBancorp Inc. (NASDAQ:PVTB) will release its earnings data before the market opens on Thursday, October 20th. Analysts expect PrivateBancorp to post earnings of $0.66 per share for the quarter.

Earnings History for PrivateBancorp (NASDAQ:PVTB)

Shares of PrivateBancorp Inc. (NASDAQ:PVTB) opened at 45.66 on Tuesday. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 18.62 and a beta of 1.88. PrivateBancorp Inc. has a one year low of $31.18 and a one year high of $46.70. The company’s 50 day moving average is $45.63 and its 200 day moving average is $43.03.

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

In other news, insider C. Brant Ahrens sold 2,500 shares of the stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $46.32, for a total value of $115,800.00. Following the sale, the insider now directly owns 59,311 shares of the company’s stock, valued at $2,747,285.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bruce R. Hague sold 11,236 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $43.92, for a total transaction of $493,485.12. Following the completion of the sale, the insider now directly owns 139,225 shares in the company, valued at $6,114,762. The disclosure for this sale can be found here. Company insiders own 3.91% of the company’s stock.

Large investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in shares of PrivateBancorp during the second quarter worth about $617,000. Cubist Systematic Strategies LLC purchased a new stake in shares of PrivateBancorp during the second quarter worth about $212,000. AQR Capital Management LLC increased its stake in shares of PrivateBancorp by 10.4% in the second quarter. AQR Capital Management LLC now owns 130,380 shares of the financial services provider’s stock worth $5,741,000 after buying an additional 12,298 shares during the last quarter. Peapack Gladstone Financial Corp increased its stake in shares of PrivateBancorp by 7.9% in the second quarter. Peapack Gladstone Financial Corp now owns 15,020 shares of the financial services provider’s stock worth $661,000 after buying an additional 1,099 shares during the last quarter. Finally, A.R.T. Advisors LLC purchased a new stake in shares of PrivateBancorp during the second quarter worth about $1,101,000. 87.68% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on PVTB shares. Zacks Investment Research lowered shares of PrivateBancorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 6th. Keefe, Bruyette & Woods lowered shares of PrivateBancorp from an “outperform” rating to a “market perform” rating and set a $45.00 target price for the company. in a research report on Thursday, June 30th. Raymond James Financial Inc. lowered shares of PrivateBancorp from a “strong-buy” rating to a “market perform” rating and set a $49.00 target price for the company. in a research report on Thursday, June 30th. Finally, Royal Bank Of Canada lowered shares of PrivateBancorp from an “outperform” rating to a “sector perform” rating and set a $46.00 target price for the company. in a research report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $45.00.

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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