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| Last Price |
10.15 (11.20.09 5:20 PM EST) |
| Change (%) |
+0.03 (+0.30%) |
| Volume |
904,043 |
| Open |
10.02 |
| Previous Close |
10.12 |
| Day High |
10.17 |
| Day Low |
9.80 |
| Bid |
10.14 x 1200 |
| Ask |
10.15 x 11300 |
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| Average Volume |
1,690,420 |
| Shares Outstanding |
71.40M |
| Market Cap |
724.7M |
| Year High |
33.00 |
| Year Low |
8.33 |
| Earnings Per Share |
-2.57 |
| P/E Ratio |
- |
| Dividend |
0.04 |
| Yield |
0.39 |
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| Symbol
| Last
| Change (%)
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| CVBF |
7.77 |
-0.15 (-1.89%) |
| ACAS |
3.06 |
+0.08 (+2.68%) |
| CGHBF |
1.92 |
+0.00 (+0.00) |
| GBCI |
13.17 |
-0.07 (-0.53%) |
| SNV |
1.68 |
+0.00 (+0.00) |
| LANS |
39.00 |
+0.00 (+0.00) |
| WTNY |
8.10 |
-0.08 (-0.98%) |
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| Fri, Nov 13, 2009 |
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Top NASDAQ Gainers were COMS, REGN, PVTB : by Penny Stock Pick Alert
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EmailWire.Com Press ...
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LiquidStockReport.com on Reducing our Ecological Footprint through Green Technology
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EmailWire.Com Press ...
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| Thu, Nov 05, 2009 |
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PrivateBancorp, Inc. Makes Inducement Equity Awards to Newly Hired Employees
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PR Newswire
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| Wed, Nov 04, 2009 |
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KBW Announces Changes to KBW Regional Banking Index (KRX)
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Business Wire
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| Mon, Nov 02, 2009 |
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PrivateBancorp, Inc. Raises $194 Million in New Capital
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PR Newswire
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More Press Releases
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| Tue, Nov 03, 2009 |
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Zacks #5 Rank Additions for Tuesday – Zacks Tale of the Tape
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Stock Market News & ...
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| Mon, Oct 26, 2009 |
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Privatebancorp Inc. Falls Short of Analyst Expectations; PVTB, FITB, NTRS
| Analysts were expecting Privatebancorp Inc. (PVTB) [Chart - News - Analysis] to report earnings of $0.08 for last quarter, but PVTB missed expectations with actual earnings of $-0.68---76 cents below the consensus estimate. If you compare last quarter's earnings to the $-0.23 the company made per share during the same quarter a year ago, you can see that PVTB’s earnings are down this year. {loadposition link_newslink1} | {loadposition livevideopromo} | | | | | | {loadposition homeaccordion2} | | | {loadposition contentad} | | | | | | | | Also, if you compare PVTB's 15.50% projected earnings-per-share (EPS) growth rate for the next five years with the projected EPS growth rate of 8.63% for the Regional - Midwest Banks industry as a whole during that same time frame, you can see that analysts expect PVTB to outperform the industry in the future---which is a good sign for the stock. Drilling down a little deeper into the Regional - Midwest Banks industry, you can see how analysts believe PVTB will stack up against some of the other stocks in the industry, like Fifth Third Bancorp (FITB) [Chart - News - Analysis] and Northern Trust Corporation (NTRS) [Chart - News - Analysis], in the future. Analysts believe FITB's earnings are going to grow at a rate of 5.75% while NTRS's earnings are going to grow at a rate of 11.00%. Earnings season can be a volatile time in the stock market. Check out these videos and articles to be better prepared to take advantage of the large price moves that tend to accompany earnings announcements. - Earnings Season is Here - Find Out How to Trade It - Using Options to Trade Earnings - Understanding Stock Analyst Research and Recommendations {loadposition link_nowtime} {loadposition followus} | |
| Wed, Oct 14, 2009 |
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Small cap favorites from Oberweis
 "While yearly results can be volatile, disciplined investors who remain invested in a portfolio of high-growth, small-cap equities can achieve an exceptional returns," notes Jim Oberweis, Jr.
Indeed, over the past 33 years, the model portfolio in his The Oberweis Report has generated a compound rate of return of 19.9%, vs. 7.2% for the S&P 500 Index (excluding dividends). Here, he reviews a trio of small cap favorites. "Lincoln Educational Services (NASDAQ: LINC) is a for-profit provider of post-secondary education. The company offers recent high school graduates and working adults degree and diploma programs in health sciences, auto technology, skilled trades, hospitality, and IT. "As of June 30, 2009, Lincoln had over 26,000 students enrolled at 43 campuses in 17 states. The company recently completed the public offering of 4 million shares of stock sold by Back to School Acquisition LLC, a selling shareholder, for $20.25 per share. Back to School still owns more than 10 million shares post-offering. "In the company’s latest reported second quarter, sales increased approximately 50% to $128.1 million from $85.1 million in the second quarter of last year, aided by acquisitions. "Lincoln reported earnings per share of $.43 in the latest reported second quarter versus $.05 in the same quarter of last year. "LogMeIn (NASDAQ: LOGM) is a leading provider of remote-connectivity solutions; its remote access solutions allow users to access and back up their home or work computers from anywhere with an internet connection, including through the use of an iPhone. "LogMeIn products also provide remote support and management services to businesses and IT help desks, helping them to increase functionality and efficiency. Their LogMeIn Rescue offering allows support teams such as Best Buy’s Geek Squad to quickly access, view and fix remote devices. "Given permission from the computer user, a computer technician can access, view, and even control the end-user’s computer to resolve any problems, all through an Internet chat window without requiring pre-installed software on the end-user’s computer. "In the company’s latest reported second quarter, sales increased approximately 58% to $18.0 million from $11.4 million in the second quarter of last year. LogMeIn reported earnings per share of $0.17 in the latest reported second quarter versus a loss in the same quarter of last year. "PrivateBancorp, Inc. (NASDAQ: PVTB) provides commercial banking services, real estate services, wealth management and individual banking services to business owners and executives, entrepreneurs and families within the communities they serve. "It has 34 offices in 10 states, serving the greater Atlanta, Chicago, Cleveland, Denver, Des Moines, Detroit, Kansas City, Milwaukee, Minneapolis and St. Louis metropolitan areas. "In the company’s latest reported second quarter, sales increased appproximately 80% to $95.8 million from $53.1 million in the second quarter of last year. PrivateBancorp reported earnings per share of $.06 in the latest reported second quarter versus loss in the same quarter of last year. ""Clients of Oberweis Asset Management own approximately 150,000 shares each of of LIncoln Educational and PrivateBancorp and 24,000 shares of LogMeIn. We believe the shares of all three small cap stocks may be appropriate for risk oriented investors."  |
| Tue, Oct 06, 2009 |
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Time for Small-Cap Growth to Shine
Jim Oberweis, editor of the Oberweis Report, and analyst Ken Farsalas say small-cap growth stocks do very well coming out of recessions, and they recommend two potential winners.
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MoneyShow.com
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| Fri, May 22, 2009 |
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Taking advantage of the government's ignorant largesse? (PVTB, rated SELL)
This company gladly took $250mm in TARP when times looked tough. Then, reading the fine print of what TARP allowed, the mgt did everything they could to insure they would still get a bonus in 2008, TARP requiring they defer it until the TARP was paid back. The bonuses were not small either, even tho 2008 was a year in which the bank had to take decent-sized write downs and lost $92mm! So now the bank has just raised capital via JPM, guess how much? $225mm, just enough to pay back the TARP so mgt can officially take their 2008 bonuses. So the gov't helped guarantee mgt didn't lose everything in the panic, which pretty much allowed the mgt team to get their coveted bonuses. This is kinda sickening from a taxpayer point of view. Most banks that recieved TARP wisely chose to dance around 2008 bonus issues, especially after AIG fiasco earlier this year. Not this bank! Excerpts from their 4Q review.... "During the fourth quarter, we undertook a comprehensive loan review, which resulted in substantial charge-offs." They weren't afraid to lend money in 2008 either. Was this wise? "We added a large number of new client relationships that resulted in almost $4 billion in new loans." They had only about $800mm in tangible capital, compare this to loan loss provisions for 2008 alone.... "The fourth quarter loan loss provision was $119.3 million and resulted from $108.8 million net charge-offs (an annualized rate of 5.49 percent of average total loans." 5.49% seems kinda high, no? chargeoffs rapidly accelerating... "Total charge-offs for the year were $125.8 million, or a net charge-off ratio of 2.00 percent, compared to $6.1 million, or a net charge-off ratio of 0.17 percent, for the year ended December 31, 2007." seems like JPM is desperate for fees, if they are encouraging their clients to invest in this. don't think this is wise, it implies current loan portfolio isn't going to have much losses... "The allowance for loan losses as a percent of non-performing loans decreased to 85 percent in the fourth quarter 2008 from... 125 percent in the fourth quarter 2007." Not sure this is a great portfolio of loan assets these days, with only 1 bn in capital... "After giving effect to these charge-offs, as of December 31, 2008, the Company had approximately $400 million in residential development loans remaining, with 59 percent in single family homes/condominiums built for sale, which is held as construction exposure, and 41 percent in land (developed and undeveloped), which is held as commercial real estate exposure." Did they curtail early enough? "The Company made a strategic decision in early 2008 to curtail any new production in the residential development sector and will allow a substantial portion of this portfolio to wind down as residential development lending is not a core component of the Strategic Growth Plan. The Company had $155.7 million in total non-performing assets at December 31, 2008, compared to $106.5 million at September 30, 2008, and $48.3 million at December 31, 2007. Non-accruing loans totaled $131.9 million and other real estate owned (OREO) was $23.8 million." Who exactly are they loaning money now? "The Company's loan portfolio increased in the fourth quarter by more than $700 million compared to an increase of $1.0 billion in the third quarter." Commercial loans increasing.... (not the best growth area for 2009) "Commercial loans increased to $4.0 billion, or 50 percent of the Company's total loans, from $1.3 billion, or 32 percent of total loans, at the end of 2007. Commercial loans include commercial and industrial and owner-occupied commercial real estate loans and continue to be the fastest-growing segment of the loan portfolio." Rising interest rates in long term t-bills vs.... "The Company's securities portfolio is primarily comprised of U.S. government agency backed mortgage pools, agency collateralized mortgage obligations, and investment grade municipal bonds." BUT THIS IS THE KICKER... source: http://www.chicagobusiness.com/cgi-bin/news.pl?id=33825&seenI... "Chicago-based PrivateBancorp paid cash bonuses to its top executives other than CEO Larry Richman, who opted to accept his $600,010 bonus in the form of restricted stock that vests only after the bank repays the $244 million it received under the federal Troubled Asset Relief Program. Bonuses paid in that form are permitted under TARP. The listed PrivateBancorp execs who got cash bonuses were Bruce Hague, president of national banking, who received a $375,000 cash bonus for 2008 performance in addition to his $435,000 salary; Bruce Lubin, president of Illinois commercial banking, who received $345,000 in addition to his $385,000 salary; and Kevin Van Solkema, chief risk officer, who got a $165,000 bonus on top of his $246,333 salary." |
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