US Equity Market Update for October 13, 2015
PrivateBancorp’s price movement
PrivateBancorp (PVTB) has a market cap of $3.20 billion. PrivateBancorp’s YTD (year-to-date) price movement is rising day by day. After the earnings report in 3Q15, it rose by 1.6% to close at $40.58 per share as of October 13, 2015. The price movement on a weekly, monthly, and YTD basis is 6.0%, 4.6%, and 21.6%, respectively. It’s trading at 4.1% on a trailing five-day basis.
Technically, it has broken the support of the 20-day, 50-day, and 200-day moving averages a few times in 2015. Currently, it’s trading at 6.1% above the 20-day moving average, 4.8% above the 50-day moving average, and 9.2% above the 200-day moving average.
The PowerShares KBW Regional Banking Portfolio (KBWR) invests 2.0% of its holdings in PrivateBancorp. KBWR tracks an equal-weighted index focused exclusively on US regional banking firms. KBWR’s YTD price movement is 6.1% as of October 12, 2015. The PowerShares S&P SmallCap Financials Portfolio (PSCF) invests 1.8% of its holdings in PrivateBancorp.
PrivateBancorp’s competitors and their market caps are:
Commerce Bancshares (CBSH) – $4.3 billion
Wintrust Financial (WTFC) – $2.6 billion
MB Financial (MBFI) – $2.4 billion
First Midwest Bancorp (FMBI) – $1.4 billion
PrivateBancorp’s performance in 3Q15
According to PrivateBancorp’s 3Q15 earnings report, the interest income rose to $148.1 million in 3Q15—a rise of 4.7% on a quarterly basis. The income from loans and securities rose by 5.1% and 1.6% in 3Q15. The non-interest income fell to $30.8 million in 3Q15—a fall of 6.9% on a quarterly basis. The income from asset management, mortgage banking, capital markets products, and syndication fees fell by 5.9%, 19.6%, 37.0%, and 18.8%, respectively. The income from treasury and loan and letter of credit and commitment fees rose by 7.9% and 15.4% in 3Q15. The net income and EPS (earnings per share) were reported as $45.3 million and $0.57 per share in 3Q15—a fall of 2.5% and 1.7% compared to the net income and EPS of $46.4 million and $0.58 per share in 2Q15. The debt-to-equity ratio fell by 0.21% in 3Q15.
PrivateBancorp provides business and personal financial services to middle-market companies, business owners, executives, entrepreneurs, and families in all of the markets.
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