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PrivateBancorp (NASDAQ:PVTB) Insider C. Brant Ahrens sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $29.02, for a total value of $101,570.00. Following the sale, the insider now directly owns 51,948 shares in the company, valued at approximately $1,507,531. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of PrivateBancorp in a research note on Monday, July 21st. They now have a $34.50 price target on the stock, up previously from $33.50. Separately, analysts at DA Davidson raised their price target on shares of PrivateBancorp from $31.00 to $32.00 in a research note on Friday, July 18th. They now have a “neutral” rating on the stock. Finally, analysts at Sterne Agee upgraded shares of PrivateBancorp from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 9th. Seven research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $31.75.

PrivateBancorp (NASDAQ:PVTB) traded up 1.04% during mid-day trading on Thursday, hitting $29.23. 216,828 shares of the company’s stock traded hands. PrivateBancorp has a 52 week low of $20.59 and a 52 week high of $31.66. The stock has a 50-day moving average of $28.87 and a 200-day moving average of $28.70. The company has a market cap of $2.282 billion and a price-to-earnings ratio of 16.00.

PrivateBancorp (NASDAQ:PVTB) last released its earnings data on Thursday, July 17th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.08. During the same quarter in the prior year, the company posted $0.37 earnings per share. On average, analysts predict that PrivateBancorp will post $1.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend is Friday, September 12th.

PrivateBancorp, Inc (NASDAQ:PVTB) is a holding company of the PrivateBank and Trust Company (the Bank).

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