Private Bancorp of America (OTCMKTS:PBAM) Stock Price Down 0.1% – What’s Next?

Private Bancorp of America, Inc. (OTCMKTS:PBAM) shares fell 0.1% during mid-day trading on Wednesday . The stock traded as low as $65.19 and last traded at $67.80. 1,300 shares were traded during mid-day trading, a decline of 60% from the average session volume of 3,237 shares. The stock had previously closed at $67.89.

Analyst Upgrades and Downgrades

Separately, Piper Sandler dropped their target price on shares of Private Bancorp of America from $78.00 to $77.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Private Bancorp of America has a consensus rating of “Buy” and a consensus target price of $76.00.

Private Bancorp of America Stock Down 0.1%

The firm has a market capitalization of $388.49 million, a PE ratio of 9.78 and a beta of 0.07. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.04. The stock has a 50-day simple moving average of $61.36 and a 200-day simple moving average of $58.85.

Private Bancorp of America (OTCMKTS:PBAM) last released its quarterly earnings results on Friday, January 16th. The company reported $1.71 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.08). The firm had revenue of $32.47 million for the quarter, compared to analysts’ expectations of $32.58 million. Private Bancorp of America had a net margin of 23.51% and a return on equity of 16.42%. Analysts forecast that Private Bancorp of America, Inc. will post 6.88 EPS for the current 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.