PrivateBancorp, Inc. (NASDAQ:PVTB) insider Karen B. Case sold 49,513 shares of the stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $60.46, for a total value of $2,993,555.98. Following the completion of the transaction, the insider now directly owns 122,451 shares of the company’s stock, valued at approximately $7,403,387.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of PrivateBancorp, Inc. (NASDAQ PVTB) traded up 0.55% on Friday, reaching $60.85. The company had a trading volume of 2,359,791 shares. The firm has a market capitalization of $4.87 billion, a PE ratio of 22.90 and a beta of 1.29. PrivateBancorp, Inc. has a 52-week low of $34.00 and a 52-week high of $60.89. The company has a 50-day moving average price of $59.49 and a 200-day moving average price of $56.63.

PrivateBancorp (NASDAQ:PVTB) last released its earnings results on Thursday, April 20th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. PrivateBancorp had a return on equity of 11.58% and a net margin of 25.65%. The business had revenue of $198.30 million for the quarter, compared to the consensus estimate of $197.26 million. During the same period last year, the business earned $0.62 earnings per share. Equities research analysts forecast that PrivateBancorp, Inc. will post $3.08 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for PrivateBancorp (NASDAQ:PVTB)

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A number of large investors have recently added to or reduced their stakes in PVTB. Point72 Asia Hong Kong Ltd purchased a new stake in PrivateBancorp during the first quarter worth $149,000. Blair William & Co. IL purchased a new stake in PrivateBancorp during the first quarter worth $200,000. Bard Associates Inc. purchased a new stake in PrivateBancorp during the first quarter worth $208,000. Scout Investments Inc. purchased a new stake in PrivateBancorp during the first quarter worth $223,000. Finally, Cantab Capital Partners LLP increased its stake in PrivateBancorp by 173.4% in the fourth quarter. Cantab Capital Partners LLP now owns 4,292 shares of the financial services provider’s stock worth $233,000 after buying an additional 2,722 shares during the period. 88.24% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently commented on PVTB shares. Keefe, Bruyette & Woods raised PrivateBancorp from a “market perform” rating to an “outperform” rating and increased their price target for the company from $54.00 to $63.00 in a report on Friday, March 24th. BMO Capital Markets reissued a “hold” rating and issued a $61.00 price target on shares of PrivateBancorp in a report on Wednesday, March 22nd. Piper Jaffray Companies increased their price target on PrivateBancorp from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, April 4th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $44.00 price target on shares of PrivateBancorp in a report on Friday, June 2nd. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $54.86.

About PrivateBancorp

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.

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