Private Bank & Trust Co. decreased its position in shares of PrivateBancorp Inc. (NASDAQ:PVTB) by 1.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 152,154 shares of the financial services provider’s stock after selling 2,957 shares during the period. PrivateBancorp comprises 1.1% of Private Bank & Trust Co.’s holdings, making the stock its 11th largest position. Private Bank & Trust Co. owned approximately 0.19% of PrivateBancorp worth $6,987,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC boosted its position in PrivateBancorp by 74.9% in the second quarter. LS Investment Advisors LLC now owns 4,751 shares of the financial services provider’s stock worth $209,000 after buying an additional 2,035 shares during the period. Copper Rock Capital Partners LLC boosted its position in PrivateBancorp by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 580,997 shares of the financial services provider’s stock worth $25,581,000 after buying an additional 9,053 shares during the period. LaSalle Street Capital Management LLC purchased a new position in PrivateBancorp during the second quarter worth $230,000. Eagle Boston Investment Management Inc. boosted its position in PrivateBancorp by 2.6% in the second quarter. Eagle Boston Investment Management Inc. now owns 219,881 shares of the financial services provider’s stock worth $9,681,000 after buying an additional 5,656 shares during the period. Finally, Independent Portfolio Consultants Inc. boosted its position in PrivateBancorp by 10.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,082 shares of the financial services provider’s stock worth $180,000 after buying an additional 387 shares during the period. Institutional investors own 89.32% of the company’s stock.

Institutional Ownership by Quarter for PrivateBancorp (NASDAQ:PVTB)

Shares of PrivateBancorp Inc. (NASDAQ:PVTB) traded down 0.02% during mid-day trading on Monday, hitting $46.80. 2,023,691 shares of the stock traded hands. The firm has a 50 day moving average of $45.61 and a 200 day moving average of $44.14. The company has a market cap of $3.73 billion, a P/E ratio of 18.82 and a beta of 1.43. PrivateBancorp Inc. has a 12 month low of $31.18 and a 12 month high of $46.98.

PrivateBancorp (NASDAQ:PVTB) last released its quarterly earnings data on Thursday, October 20th. The financial services provider reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.05. The business earned $183.12 million during the quarter, compared to analyst estimates of $181.50 million. PrivateBancorp had a return on equity of 11.42% and a net margin of 25.68%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.57 EPS. Equities analysts anticipate that PrivateBancorp Inc. will post $2.51 EPS for the current fiscal year.

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Separately, Zacks Investment Research upgraded shares of PrivateBancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, November 22nd. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. PrivateBancorp presently has a consensus rating of “Hold” and a consensus target price of $45.00.

In related news, Director Edward W. Rabin sold 25,000 shares of the firm’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $45.16, for a total transaction of $1,129,000.00. Following the sale, the director now owns 21,667 shares in the company, valued at $978,481.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Edward W. Rabin sold 15,000 shares of the firm’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $45.05, for a total transaction of $675,750.00. Following the sale, the director now owns 21,667 shares in the company, valued at approximately $976,098.35. The disclosure for this sale can be found here. Corporate insiders own 3.91% of the company’s stock.

About PrivateBancorp

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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