Private Bancorp of America (OTCMKTS:PBAM) Trading Down 0.1% - Time to Sell?

Key Points

• Shares dipped 0.1% to $67.89 with only about 100 shares traded — a 98% drop from the average daily volume of 4,232, signaling very thin trading.
• Analysts remain generally positive: Piper Sandler trimmed its price target to $77 and kept an "overweight" rating, while the consensus rating is Buy with a consensus target of $76.
• Fundamentals show an EPS miss (reported $1.71 vs. $1.79 expected), alongside a low debt/equity of 0.04, a P/E of 9.8 and a return on equity of 16.42%.

Private Bancorp of America, Inc. (OTCMKTS:PBAM - Get Free Report)'s share price was down 0.1% during trading on Wednesday . The stock traded as low as $67.89 and last traded at $67.89. Approximately 100 shares traded hands during trading, a decline of 98% from the average daily volume of 4,232 shares. The stock had previously closed at $67.99.

Analysts Set New Price Targets

Separately, Piper Sandler dropped their price objective on shares of Private Bancorp of America from $78.00 to $77.00 and set an "overweight" rating on the stock in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Private Bancorp of America has an average rating of "Buy" and a consensus target price of $76.00.

Private Bancorp of America Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $389.69 million, a P/E ratio of 9.80 and a beta of 0.07. The business has a fifty day moving average of $64.39 and a 200-day moving average of $59.93.

Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) last announced its earnings results on Friday, January 16th. The company reported $1.71 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.08). Private Bancorp of America had a net margin of 23.51% and a return on equity of 16.42%. The business had revenue of $32.47 million for the quarter, compared to the consensus estimate of $32.58 million. On average, sell-side analysts forecast that Private Bancorp of America, Inc. will post 6.88 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.