Todays Report: The 29,425 Shares of Stock are sold by PrivateBancorp Inc. (PVTB) Insider C. Brant Ahrens

The 29,425 Shares of Stock are sold by PrivateBancorp Inc. (PVTB) Insider C. Brant Ahrens

PrivateBancorp Inc. (NASDAQ:PVTB) insider C. Brant Ahrens sold 29,425 shares of the company’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $45.45, for a total transaction of $1,337,366.25. Following the sale, the insider now directly owns 98,373 shares of the company’s stock, valued at approximately $4,471,052.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

C. Brant Ahrens also recently made the following trade(s): On Thursday, September 8th, C. Brant Ahrens sold 2,500 shares of PrivateBancorp stock. The shares were sold at an average price of $46.32, for a total transaction of $115,800.00.

Shares of PrivateBancorp Inc. (NASDAQ:PVTB) opened at 45.41 on Monday. The firm’s 50-day moving average is $45.47 and its 200-day moving average is $43.47. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 18.24 and a beta of 1.88. PrivateBancorp Inc. has a one year low of $31.18 and a one year high of $46.70.

PrivateBancorp (NASDAQ:PVTB) last released its earnings results on Thursday, October 20th. The financial services provider reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.05. PrivateBancorp had a return on equity of 11.42% and a net margin of 25.68%. The firm had revenue of $183.12 million for the quarter, compared to analyst estimates of $181.50 million. During the same period last year, the firm earned $0.57 EPS. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities research analysts forecast that PrivateBancorp Inc. will post $2.52 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. World Asset Management Inc bought a new position in shares of PrivateBancorp during the third quarter worth about $237,000. Great West Life Assurance Co. Can increased its position in shares of PrivateBancorp by 4.6% in the third quarter. Great West Life Assurance Co. Can now owns 47,264 shares of the financial services provider’s stock worth $2,169,000 after buying an additional 2,057 shares during the last quarter. Strs Ohio increased its position in shares of PrivateBancorp by 4.1% in the third quarter. Strs Ohio now owns 12,700 shares of the financial services provider’s stock worth $583,000 after buying an additional 500 shares during the last quarter. Sphinx Trading LP increased its position in shares of PrivateBancorp by 60.0% in the third quarter. Sphinx Trading LP now owns 16,000 shares of the financial services provider’s stock worth $735,000 after buying an additional 6,000 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC increased its position in shares of PrivateBancorp by 125.0% in the third quarter. Longfellow Investment Management Co. LLC now owns 225,000 shares of the financial services provider’s stock worth $10,332,000 after buying an additional 125,000 shares during the last quarter. 88.20% of the stock is owned by institutional investors.

Separately, Zacks Investment Research lowered shares of PrivateBancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $45.00.

PrivateBancorp Company Profile

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