Private Bancorp of America (OTCMKTS:PBAM) Trading Down 0.5% - Here's Why

Private Bancorp of America, Inc. (OTCMKTS:PBAM - Get Free Report)'s stock price traded down 0.5% during mid-day trading on Wednesday . The stock traded as low as $55.00 and last traded at $55.00. 1,304 shares were traded during trading, a decline of 62% from the average session volume of 3,398 shares. The stock had previously closed at $55.28.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Stephens upgraded Private Bancorp of America to a "strong-buy" rating in a research report on Thursday, May 1st. Piper Sandler reduced their price target on Private Bancorp of America from $78.00 to $68.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd.

Private Bancorp of America Stock Down 0.6%

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 $317.22 million, a price-to-earnings ratio of 8.89 and a beta of 0.27. The company has a 50-day moving average of $53.91 and a 200-day moving average of $54.94.

Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) last released 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 firm 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%. On average, equities 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.