The stock of PrivateBancorp Inc (NASDAQ:PVTB) is a huge mover today! About 5.30M shares traded hands or 623.73% up from the average. PrivateBancorp Inc (NASDAQ:PVTB) has risen 11.83% since April 28, 2016 and is uptrending. It has outperformed by 5.91% the S&P500.
The move comes after 5 months positive chart setup for the $3.85 billion company. It was reported on Dec, 1 by Barchart.com. We have $51.95 PT which if reached, will make NASDAQ:PVTB worth $269.50 million more.
Analysts await PrivateBancorp Inc (NASDAQ:PVTB) to report earnings on January, 19. They expect $0.66 EPS, up 1.54% or $0.01 from last year’s $0.65 per share. PVTB’s profit will be $52.34M for 18.39 P/E if the $0.66 EPS becomes a reality. After $0.60 actual EPS reported by PrivateBancorp Inc for the previous quarter, Wall Street now forecasts 10.00% EPS growth.
PrivateBancorp Inc (NASDAQ:PVTB) Ratings Coverage
Out of 11 analysts covering Privatebancorp Inc. (NASDAQ:PVTB), 2 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 18% are positive. Privatebancorp Inc. has been the topic of 17 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Wednesday, January 13 by RBC Capital Markets. The firm has “Equal Weight” rating by Stephens given on Friday, October 9. The firm has “Market Perform” rating by FIG Partners given on Tuesday, March 22. Zacks downgraded PrivateBancorp Inc (NASDAQ:PVTB) on Wednesday, August 19 to “Buy” rating. The firm has “Buy” rating by Zacks given on Tuesday, August 25. The stock of PrivateBancorp Inc (NASDAQ:PVTB) earned “Market Perform” rating by Keefe Bruyette & Woods on Thursday, June 30. Zacks downgraded PrivateBancorp Inc (NASDAQ:PVTB) on Friday, September 4 to “Hold” rating. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, June 30. The rating was upgraded by FIG Partners to “Outperform” on Thursday, February 4. Macquarie Research maintained it with “Neutral” rating and $41 target price in Wednesday, October 14 report.
According to Zacks Investment Research, “PRIVATEBANCORP is a bank holding company for The PrivateBank and Trust Company.”
Insitutional Activity: The institutional sentiment decreased to 0.59 in 2016 Q2. Its down 0.50, from 1.09 in 2016Q1. The ratio dropped, as 25 funds sold all PrivateBancorp Inc shares owned while 94 reduced positions. 46 funds bought stakes while 84 increased positions. They now own 70.37 million shares or 7.98% less from 76.47 million shares in 2016Q1.
Dupont Capital Mngmt has 27,382 shares for 0.03% of their US portfolio. Moreover, Advantus Capital Mngmt has 0.01% invested in PrivateBancorp Inc (NASDAQ:PVTB) for 9,615 shares. Balyasny Asset Mgmt Lc holds 16,087 shares or 0% of its portfolio. Blair William & Il last reported 0% of its portfolio in the stock. State Board Of Administration Of Florida Retirement Systems has 56,287 shares for 0.01% of their US portfolio. State Of Tennessee Treasury Department has 40,000 shares for 0.01% of their US portfolio. Jane Street Ltd Liability has invested 0% of its portfolio in PrivateBancorp Inc (NASDAQ:PVTB). Nj State Employees Deferred Compensation Plan, a New Jersey-based fund reported 35,000 shares. Arbor Cap Mgmt Limited Com has invested 1.96% of its portfolio in PrivateBancorp Inc (NASDAQ:PVTB). Copper Rock Prtnrs Limited Liability Corp has 580,997 shares for 1.94% of their US portfolio. Aqr Capital Management Ltd Liability holds 0.01% of its portfolio in PrivateBancorp Inc (NASDAQ:PVTB) for 130,380 shares. Spot Trading Limited Liability Corp reported 265 shares or 0% of all its holdings. Ironwood Investment Management Limited Company holds 20,280 shares or 0.67% of its portfolio. Barclays Public Ltd Liability accumulated 0% or 1,523 shares. Walleye Trading Llc last reported 0.03% of its portfolio in the stock.
Insider Transactions: Since August 1, 2016, the stock had 0 insider buys, and 5 insider sales for $3.99 million net activity. 11,236 shares with value of $493,492 were sold by Hague Bruce R. on Monday, August 1. Ahrens C. Brant sold $1.34M worth of PrivateBancorp Inc (NASDAQ:PVTB) on Wednesday, October 26. 40,000 shares with value of $1.80 million were sold by RABIN EDWARD W on Monday, November 7.
More notable recent PrivateBancorp Inc (NASDAQ:PVTB) news were published by: Prnewswire.com which released: “Glazer Capital, LLC Issues Open Letter to Shareholders of PrivateBancorp, Inc.” on December 01, 2016, also Reuters.com with their article: “BRIEF-Glazer Capital issues open letter to shareholders of PrivateBancorp …” published on December 01, 2016, Prnewswire.com published: “CIBC to Acquire PrivateBancorp, Inc.” on June 29, 2016. More interesting news about PrivateBancorp Inc (NASDAQ:PVTB) were released by: Prnewswire.com and their article: “PrivateBancorp, Inc. Discloses Results of 2016 Dodd-Frank Act Company-Run …” published on October 20, 2016 as well as Reuters.com‘s news article titled: “BRIEF-CIBC to acquire PrivateBancorp Inc” with publication date: June 29, 2016.
PVTB Company Profile
PrivateBancorp, Inc. (PrivateBancorp), incorporated on November 7, 1989, is a bank holding company. The PrivateBank and Trust Company (the Bank or the PrivateBank) is its bank subsidiary. The Firm has three operating divisions: Banking, Asset Management and Holding Company activities. The Firm provides financial services to middle market companies, as well as business owners, executives, entrepreneurs and families in various markets and communities it serves. The Firm provides a range of commercial, real estate and personal lending services and products to its clients. The Firm operates Commercial Banking, Community Banking and Private Wealth businesses.
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