Private Bancorp of America (OTCMKTS:PBAM) Stock Price Down 0.2% - Should You Sell?

Shares of Private Bancorp of America, Inc. (OTCMKTS:PBAM - Get Free Report) traded down 0.2% during mid-day trading on Thursday . The stock traded as low as $55.01 and last traded at $55.02. 790 shares changed hands during trading, a decline of 76% from the average session volume of 3,268 shares. The stock had previously closed at $55.15.

Wall Street Analyst Weigh In

PBAM has been the subject of a number of recent research reports. Stephens upgraded shares of Private Bancorp of America to a "strong-buy" rating in a research note on Thursday, May 1st. Piper Sandler reduced their price objective on shares of Private Bancorp of America from $78.00 to $68.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd.

Private Bancorp of America Price Performance

The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $319.39 million, a P/E ratio of 8.93 and a beta of 0.29. The business's fifty day moving average price is $53.93 and its 200-day moving average price is $55.43.

Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.14. The business had revenue of $29.35 million during the quarter, compared to the consensus estimate of $30.30 million. Private Bancorp of America had a net margin of 22.11% and a return on equity of 17.55%. As a group, sell-side analysts predict that Private Bancorp of America, Inc. will post 6.88 earnings per share for the current fiscal year.

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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