Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) had its price target increased by investment analysts at Piper Sandler from $75.00 to $80.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Piper Sandler's price objective points to a potential upside of 37.93% from the company's previous close.
Separately, Stephens raised Private Bancorp of America to a "strong-buy" rating in a report on Thursday, May 1st.
View Our Latest Report on Private Bancorp of America
Private Bancorp of America Trading Up 0.8%
PBAM stock traded up $0.47 during trading on Tuesday, hitting $58.00. 2,597 shares of the company traded hands, compared to its average volume of 3,204. The company has a 50-day moving average of $55.17 and a 200-day moving average of $55.88. The firm has a market capitalization of $336.98 million, a PE ratio of 8.26 and a beta of 0.27. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.02 and a current ratio of 1.02. Private Bancorp of America has a 1 year low of $40.76 and a 1 year high of $61.50.
Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.02). Private Bancorp of America had a net margin of 24.17% and a return on equity of 18.26%. The firm had revenue of $31.84 million for the quarter, compared to the consensus estimate of $30.36 million. Analysts predict that Private Bancorp of America will post 6.88 earnings per share for the current fiscal year.
About Private Bancorp of America
(
Get Free Report)
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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