President and CEO of PrivateBancorp Inc. (PVTB) Larry D. Richman buys 26,000 shares of PVTB on 10/30/2009 at an average price of $9.28 a share.

PRIVATEBANCORP is a bank holding company for The PrivateBank and Trust Company. Privatebancorp Inc. has a market cap of $417.2 million; its shares were traded at around $8.78 with and P/S ratio of 0.9. The dividend yield of Privatebancorp Inc. stocks is 0.5%. Privatebancorp Inc. had an annual average earning growth of 5.9% over the past 5 years.

PVTB is in the portfolios of John Rogers of ARIEL CAPITAL MANAGEMENT LLC, John Keeley of Keeley Fund Management.

Insiders' Positions with PVTB

• Buy:: CEO - The PrivateWealth Group Wallace L Head bought 5,000 shares of PVTB stock on 10/29/2009 at the average price of 9.2, the price of the stock has decreased by 4.57% since

Insiders' Positions with PVTB

• Buy:: CFO Kevin M Killips bought 10,000 shares of PVTB stock on 10/30/2009 at the average price of 9.23, the price of the stock has decreased by 4.88% since

Insiders' Positions with PVTB

• Buy:: President of CRE Banking Karen B. Case bought 3,200 shares of PVTB stock on 10/30/2009 at the average price of 9.3, the price of the stock has decreased by 5.59% since


• Buy:: Pres. of Natl. Com. Banking Bruce R. Hague bought 3,000 shares of PVTB stock on 10/29/2009 at the average price of 9.34, the price of the stock has decreased by 6% since


• Buy:: Pres. of Natl. Com. Banking Bruce R. Hague bought 3,000 shares of PVTB stock on 10/29/2009 at the average price of 9.34, the price of the stock has decreased by 6% since


• Buy:: Director Edward W Rabin bought 1,000 shares of PVTB stock on 10/29/2009 at the average price of 9.18, the price of the stock has decreased by 4.36% since


• Buy:: Chief Human Resourses Off Joan Schellhorn bought 2,500 shares of PVTB stock on 10/29/2009 at the average price of 9.13, the price of the stock has decreased by 3.83% since

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

More Gurufocus Links

Latest Guru Picks	Value Strategies
Warren Buffett Portfolio	Ben Graham Net-Net
Real Time Picks	Buffett-Munger Screener
Aggregated Portfolio	Undervalued Predictable
ETFs, Options	Low P/S Companies
Insider Trends	10-Year Financials
52-Week Lows	Interactive Charts
Model Portfolios	DCF Calculator
RSS Feed	Monthly Newsletters
The All-In-One Screener	Portfolio Tracking Tool