PrivateBancorp Inc (PVTB) Stake Increased by KBC Group NV

KBC Group NV raised its stake in PrivateBancorp Inc (NASDAQ:PVTB) by 0.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 191,353 shares of the financial services provider’s stock after buying an additional 563 shares during the period. KBC Group NV owned about 0.24% of PrivateBancorp worth $11,361,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PVTB. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in PrivateBancorp by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,797 shares of the financial services provider’s stock valued at $639,000 after buying an additional 38 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in PrivateBancorp by 0.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 13,791 shares of the financial services provider’s stock valued at $819,000 after buying an additional 59 shares during the last quarter. Suntrust Banks Inc. boosted its stake in PrivateBancorp by 0.9% in the third quarter. Suntrust Banks Inc. now owns 8,296 shares of the financial services provider’s stock valued at $380,000 after buying an additional 74 shares during the last quarter. Peapack Gladstone Financial Corp boosted its stake in PrivateBancorp by 1.8% in the first quarter. Peapack Gladstone Financial Corp now owns 5,294 shares of the financial services provider’s stock valued at $314,000 after buying an additional 93 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in PrivateBancorp by 2.2% in the first quarter. World Asset Management Inc now owns 4,939 shares of the financial services provider’s stock valued at $293,000 after buying an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Institutional Ownership by Quarter for PrivateBancorp (NASDAQ:PVTB)

PrivateBancorp Inc (NASDAQ:PVTB) traded up 0.69% on Friday, reaching $59.94. The company’s stock had a trading volume of 479,299 shares. PrivateBancorp Inc has a 52 week low of $34.00 and a 52 week high of $60.43. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 22.56 and a beta of 1.26. The firm’s 50 day moving average price is $59.01 and its 200-day moving average price is $54.77.

PrivateBancorp (NASDAQ:PVTB) last released its earnings results on Thursday, April 20th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. PrivateBancorp had a return on equity of 11.48% and a net margin of 25.64%. The company had revenue of $198.30 million for the quarter, compared to the consensus estimate of $197.26 million. During the same quarter last year, the business posted $0.62 EPS. On average, equities analysts predict that PrivateBancorp Inc will post $3.08 EPS for the current year.

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Several equities research analysts recently weighed in on the company. Piper Jaffray Companies boosted their target price on PrivateBancorp from $50.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 4th. BMO Capital Markets reaffirmed a “hold” rating and set a $61.00 price target on shares of PrivateBancorp in a research report on Wednesday, March 22nd. Finally, Keefe, Bruyette & Woods raised PrivateBancorp from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $54.00 to $63.00 in a research report on Friday, March 24th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $56.67.

PrivateBancorp Company Profile

PrivateBancorp, Inc is a bank holding company for The PrivateBank and Trust Company (the Bank). Through the Bank, the Company provides customized business and personal financial services to middle market companies, as well as business owners, executives, entrepreneurs and families in the markets and communities it serves.

12 Month Chart for NASDAQ:PVTB

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