PrivateBancorp Inc. (NASDAQ:PVTB) saw unusually-strong trading volume on Thursday . Approximately 2,973,422 shares changed hands during trading, a decline of 19% from the previous session’s volume of 3,664,105 shares.The stock last traded at $44.35 and had previously closed at $44.08.

Several analysts have recently issued reports on PVTB shares. Zacks Investment Research upgraded shares of PrivateBancorp from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Wednesday, May 4th. Royal Bank Of Canada restated a “buy” rating on shares of PrivateBancorp in a research report on Saturday, April 23rd. Sterne Agee CRT started coverage on shares of PrivateBancorp in a research report on Sunday, June 12th. They set a “hold” rating on the stock. FIG Partners cut shares of PrivateBancorp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 22nd. Finally, Keefe, Bruyette & Woods cut shares of PrivateBancorp from an “outperform” rating to a “market perform” rating and set a $45.00 target price on the stock. in a research report on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. PrivateBancorp currently has an average rating of “Hold” and a consensus price target of $43.86.

The company has a 50-day moving average price of $42.07 and a 200 day moving average price of $39.16. The company has a market cap of $3.50 billion and a price-to-earnings ratio of 18.27.

PrivateBancorp (NASDAQ:PVTB) last announced its earnings results on Thursday, April 21st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.05. During the same quarter last year, the business posted $0.52 earnings per share. Analysts anticipate that PrivateBancorp Inc. will post $2.54 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 16th were given a $0.01 dividend. The ex-dividend date was Tuesday, June 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.09%.

Several institutional investors have bought and sold shares of PVTB. Schroder Investment Management Group increased its position in PrivateBancorp by 22.9% in the fourth quarter. Schroder Investment Management Group now owns 530,500 shares of the financial services provider’s stock valued at $21,761,000 after buying an additional 99,000 shares in the last quarter. Employees Retirement System of Texas increased its position in PrivateBancorp by 85.2% in the fourth quarter. Employees Retirement System of Texas now owns 163,000 shares of the financial services provider’s stock valued at $6,686,000 after buying an additional 75,000 shares in the last quarter. Carleon Capital Partners LLC acquired a new position in PrivateBancorp during the fourth quarter valued at $2,862,000. OppenheimerFunds Inc. increased its position in PrivateBancorp by 13.1% in the fourth quarter. OppenheimerFunds Inc. now owns 455,682 shares of the financial services provider’s stock valued at $18,692,000 after buying an additional 52,792 shares in the last quarter. Finally, Bank of Montreal Can increased its position in PrivateBancorp by 25.4% in the fourth quarter. Bank of Montreal Can now owns 174,123 shares of the financial services provider’s stock valued at $7,143,000 after buying an additional 35,316 shares in the last quarter.

PrivateBancorp, Inc (PrivateBancorp) is a bank holding company. The PrivateBank and Trust Company (the Bank or the PrivateBank) is its bank subsidiary. The Company has three operating segments. The Banking segment consists of commercial and personal banking services. Commercial banking services are primarily provided to corporations and other business clients and include an array of lending and cash management products.

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