Private Bancorp of America (OTCMKTS:PBAM) Trading Up 0.5% – Still a Buy?

Shares of Private Bancorp of America, Inc. (OTCMKTS:PBAM) rose 0.5% on Monday . The company traded as high as $87.49 and last traded at $87.01. 32,827 shares changed hands during trading, an increase of 379% from the average daily volume of 6,849 shares. The stock had previously closed at $86.60.

Analysts Set New Price Targets

A number of research analysts have issued reports on PBAM shares. DA Davidson lifted their price objective on Private Bancorp of America from $91.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Piper Sandler raised their price target on Private Bancorp of America from $88.00 to $96.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Finally, Zacks Research lowered Private Bancorp of America from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 19th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.67.

Private Bancorp of America Stock Up 0.5%

The company has a 50 day moving average price of $78.84 and a two-hundred day moving average price of $72.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $498.22 million, a PE ratio of 11.30 and a beta of 0.06.

Private Bancorp of America (OTCMKTS:PBAM) last released its quarterly earnings data on Monday, July 20th. The company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.00 by $0.27. Private Bancorp of America had a return on equity of 16.85% and a net margin of 25.45%.The company had revenue of $44.38 million for the quarter, compared to analysts’ expectations of $34.47 million. Analysts expect that Private Bancorp of America, Inc. will post 8.52 EPS for the current 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.