Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) had its target price lowered by equities research analysts at Piper Sandler from $78.00 to $68.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Piper Sandler's target price points to a potential upside of 26.63% from the stock's previous close.
Private Bancorp of America Stock Performance
Shares of OTCMKTS:PBAM traded up $0.20 on Tuesday, reaching $53.70. The company's stock had a trading volume of 127 shares, compared to its average volume of 3,580. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.03. Private Bancorp of America has a 52-week low of $33.80 and a 52-week high of $61.50. The stock's 50-day moving average is $55.04 and its two-hundred day moving average is $54.10. The stock has a market capitalization of $310.87 million, a P/E ratio of 8.72 and a beta of 0.20.
Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) last released its earnings results on Monday, April 21st. The company reported $1.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.14. Private Bancorp of America had a return on equity of 17.55% and a net margin of 22.11%. The business had revenue of $29.35 million for the quarter, compared to analyst estimates of $30.30 million. As a group, sell-side analysts forecast that Private Bancorp of America will post 6.88 EPS for the current year.
About Private Bancorp of America
(
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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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