Ownership Action Alert: Privatebancorp Inc (NASDAQ:PVTB) Institutional Investors Quarterly Sentiment

December 1, 2016 - By Ellis Scott   ·   0 Comments

Ownership Action Alert: Privatebancorp Inc (NASDAQ:PVTB) Institutional Investors Quarterly Sentiment

Sentiment for Privatebancorp Inc (NASDAQ:PVTB)

Privatebancorp Inc (NASDAQ:PVTB) institutional sentiment decreased to 0.59 in 2016 Q2. Its down -0.50, from 1.09 in 2016Q1. The ratio dropped, as 130 institutional investors increased or opened new equity positions, while 119 reduced and sold holdings in Privatebancorp Inc. The institutional investors in our partner’s database now have: 70.37 million shares, down from 76.47 million shares in 2016Q1. Also, the number of institutional investors holding Privatebancorp Inc in their top 10 equity positions increased from 6 to 9 for an increase of 3. Sold All: 25 Reduced: 94 Increased: 84 New Position: 46.

PrivateBancorp, Inc. is a bank holding company. The company has a market cap of $3.86 billion. The PrivateBank and Trust Company (the Bank or the PrivateBank) is its bank subsidiary. It has a 19.59 P/E ratio. The Firm has three operating divisions.

About 8.79 million shares traded hands or 1100.29% 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.

Analysts await PrivateBancorp Inc (NASDAQ:PVTB) to report earnings on January, 19. They expect $0.66 earnings per share, up 1.54% or $0.01 from last year’s $0.65 per share. PVTB’s profit will be $52.40M for 18.42 P/E if the $0.66 EPS becomes a reality. After $0.60 actual earnings per share reported by PrivateBancorp Inc for the previous quarter, Wall Street now forecasts 10.00% EPS growth.

According to Zacks Investment Research, “PRIVATEBANCORP is a bank holding company for The PrivateBank and Trust Company.”

Capital Investment Services Of America Inc. holds 3.26% of its portfolio in PrivateBancorp Inc for 388,223 shares. Ranger Investment Management L.P. owns 1.10 million shares or 3% of their US portfolio. Moreover, Messner & Smith Theme Value Investment Management Ltd Ca has 2.84% invested in the company for 35,047 shares. The New York-based Hutchin Hill Capital Lp has invested 2.67% in the stock. Hillcrest Asset Management Llc, a Texas-based fund reported 235,411 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 5 insider sales for $3.99 million net activity.

PrivateBancorp Inc (NASDAQ:PVTB) Ratings Coverage

Ratings analysis reveals 18% of Privatebancorp Inc.’s analysts are positive. Out of 11 Wall Street analysts rating Privatebancorp Inc., 2 give it “Buy”, 0 “Sell” rating, while 9 recommend “Hold”. The lowest target is $39 while the high is $46. The stock’s average target of $42.71 is -12.16% below today’s ($48.62) share price. PVTB was included in 17 notes of analysts from July 20, 2015. The firm earned “Neutral” rating on Friday, June 10 by Piper Jaffray. Zacks upgraded it to “Hold” rating and $41 target price in Thursday, August 27 report. Macquarie Research maintained PrivateBancorp Inc (NASDAQ:PVTB) rating on Wednesday, October 14. Macquarie Research has “Neutral” rating and $41 price target. As per Friday, September 4, the company rating was downgraded by Zacks. Keefe Bruyette & Woods downgraded the shares of PVTB in a report on Thursday, June 30 to “Market Perform” rating. Zacks downgraded the stock to “Buy” rating in Wednesday, August 19 report. The firm earned “Market Perform” rating on Tuesday, March 22 by FIG Partners. The firm earned “Buy” rating on Tuesday, February 9 by Suntrust Robinson. RBC Capital Markets downgraded PrivateBancorp Inc (NASDAQ:PVTB) on Thursday, June 30 to “Sector Perform” rating. The company was downgraded on Tuesday, August 25 by Zacks.

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.

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.

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By Ellis Scott

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