PrivateBancorp Inc. (NASDAQ:PVTB) saw an uptick in trading volume on Thursday . 2,973,422 shares were traded during mid-day 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.

A number of research firms recently issued reports on PVTB. Raymond James Financial Inc. reissued a “strong-buy” rating on shares of PrivateBancorp in a report on Friday, June 3rd. Royal Bank Of Canada downgraded shares of PrivateBancorp from an “outperform” rating to a “sector perform” rating and set a $46.00 price objective on the stock. in a report on Thursday, June 30th. Keefe, Bruyette & Woods downgraded shares of PrivateBancorp from an “outperform” rating to a “market perform” rating and set a $45.00 price objective on the stock. in a report on Thursday, June 30th. Zacks Investment Research downgraded shares of PrivateBancorp from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Piper Jaffray Cos. began coverage on shares of PrivateBancorp in a report on Friday, June 10th. They issued a “neutral” rating and a $43.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $43.86.

The company has a market cap of $3.51 billion and a PE ratio of 18.32. The company has a 50-day moving average of $42.08 and a 200-day moving average of $39.18.

PrivateBancorp (NASDAQ:PVTB) last posted its quarterly earnings data 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 company posted $0.52 EPS. On average, analysts expect that PrivateBancorp Inc. will post $2.54 EPS for the current fiscal year.

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

A number of institutional investors have modified their holdings of the company. Comerica Bank increased its position in shares of PrivateBancorp by 0.5% in the fourth quarter. Comerica Bank now owns 81,059 shares of the financial services provider’s stock valued at $3,036,000 after buying an additional 427 shares during the period. California State Teachers Retirement System increased its position in shares of PrivateBancorp by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 145,691 shares of the financial services provider’s stock valued at $5,976,000 after buying an additional 2,316 shares during the period. ProShare Advisors LLC increased its position in shares of PrivateBancorp by 21.7% in the fourth quarter. ProShare Advisors LLC now owns 28,797 shares of the financial services provider’s stock valued at $1,181,000 after buying an additional 5,138 shares during the period. Rhumbline Advisers increased its position in shares of PrivateBancorp by 4.5% in the fourth quarter. Rhumbline Advisers now owns 130,024 shares of the financial services provider’s stock valued at $5,334,000 after buying an additional 5,645 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of PrivateBancorp by 2.0% in the fourth quarter. Wells Fargo & Company MN now owns 461,304 shares of the financial services provider’s stock valued at $18,922,000 after buying an additional 8,967 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.