Private Bancorp of America (OTCMKTS:PBAM) Receives Overweight Rating from Stephens

Stephens reaffirmed their overweight rating on shares of Private Bancorp of America (OTCMKTS:PBAM - Free Report) in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a $41.00 price target on the stock.

Private Bancorp of America Stock Performance

Shares of PBAM remained flat at $34.25 during trading hours on Tuesday. The stock had a trading volume of 92 shares, compared to its average volume of 1,698. The stock has a market capitalization of $195.91 million, a P/E ratio of 4.98 and a beta of 0.22. Private Bancorp of America has a 12 month low of $23.65 and a 12 month high of $36.90. The business's fifty day simple moving average is $34.69 and its two-hundred day simple moving average is $34.32.

Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.36 earnings per share for the quarter, meeting the consensus estimate of $1.36. The business had revenue of $35.31 million for the quarter, compared to analyst estimates of $24.10 million. Private Bancorp of America had a return on equity of 18.47% and a net margin of 28.74%. Analysts expect that Private Bancorp of America will post 5.1 EPS for the current fiscal year.

About Private Bancorp of America

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.