What Do Top Investors Think Of These Banks That Just Reported Profitable Quarters?

PrivateBancorp Inc (NASDAQ:PVTB) earned $0.57 per share on revenues of $163.13 million, beating estimates of $0.55 EPS and revenues of $159.13 million. Total loans grew by 13% year-over-year to $13.1 billion while net interest margin was 3.23%, unchanged from last year. Return on average common equity was 11.1%. Tangible book value increased to $19.65 per share from $17.08 per share in the third quarter of 2014.

PrivateBancorp’s earnings report was solid and shares are up by 21% year-to-date, but it is hard to get excited about the stock given the forward P/E of 16.99 and dividend yield of just 0.10%. Nonetheless, hedge funds are bullish on PrivateBancorp Inc (NASDAQ:PVTB). 17 funds reported stakes worth $254.93 million (representing 8.10% of the float) at the end of the second quarter, up from 15 funds holding stakes worth $235.58 million at the end of the first quarter. Donald Chiboucis‘ Columbus Circle Investors owns 2.03 million shares.

Disclosure: None