DA Davidson Brokers Cut Earnings Estimates for OTCMKTS:PBAM

Key Points

• DA Davidson has cut its FY2025 earnings per share estimate for Private Bancorp of America (OTCMKTS:PBAM) from $7.11 to $7.06, while maintaining a FY2026 estimate of $7.29.
• The company reported quarterly earnings of $1.65 per share, falling short of the consensus estimate of $1.81, with total revenue at $31.50 million against an expectation of $31.79 million.
• Private Bancorp of America has launched a $5 million share repurchase plan, indicating management's belief that the stock may be undervalued.

Private Bancorp of America, Inc. (OTCMKTS:PBAM - Free Report) - Stock analysts at DA Davidson lowered their FY2025 earnings per share (EPS) estimates for shares of Private Bancorp of America in a research note issued to investors on Tuesday, October 21st. DA Davidson analyst G. Tenner now forecasts that the company will post earnings per share of $7.06 for the year, down from their previous estimate of $7.11. The consensus estimate for Private Bancorp of America's current full-year earnings is $6.88 per share. DA Davidson also issued estimates for Private Bancorp of America's FY2026 earnings at $7.29 EPS.

Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) last issued its quarterly earnings results on Friday, October 17th. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.16). Private Bancorp of America had a net margin of 24.04% and a return on equity of 17.52%. The firm had revenue of $31.50 million for the quarter, compared to analyst estimates of $31.79 million.

A number of other equities analysts have also recently issued reports on the company. Piper Sandler restated an "overweight" rating and issued a $73.00 target price (down from $77.00) on shares of Private Bancorp of America in a report on Tuesday. Zacks Research upgraded Private Bancorp of America to a "hold" rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Private Bancorp of America has a consensus rating of "Buy" and an average price target of $74.00.

Private Bancorp of America Stock Down 0.5%

Shares of PBAM stock opened at $54.99 on Wednesday. Private Bancorp of America has a 1 year low of $48.00 and a 1 year high of $61.50. The stock has a market cap of $318.94 million, a PE ratio of 7.81 and a beta of 0.31. The business's fifty day moving average is $58.05 and its 200-day moving average is $56.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.00 and a current ratio of 1.01.

Private Bancorp of America declared that its Board of Directors has authorized a share repurchase plan on Thursday, September 11th that allows the company to buyback $5.00 million in outstanding shares. This buyback authorization allows the company to buy up to 1.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Private Bancorp of America Company Profile

Private Bancorp of America, Inc operates as the bank holding company for CalPrivate Bank that provides banking products and services to individuals and businesses in California. The company offers checking and savings, money market, certificate of deposit, sweep, zero balance, and individual retirement accounts; unsecured lines of credit, personal credit lines, and term loans; additional services, such as direct deposits, online banking, ATM and debit cards, credit cards, savings/line of credit overdraft protection, and safe deposit boxes; and certificate of deposit account registry services.

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