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

Private Bancorp of America, Inc. (OTCMKTS:PBAM)’s share price traded up 0.5% on Monday . The company traded as high as $87.49 and last traded at $87.01. Approximately 32,827 shares traded hands during mid-day trading, an increase of 379% from the average session volume of 6,849 shares. The stock had previously closed at $86.60.

Analyst Ratings Changes

Several research firms recently weighed in on PBAM. DA Davidson boosted their price objective on shares of Private Bancorp of America from $91.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Zacks Research cut Private Bancorp of America from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 19th. Finally, Piper Sandler upped their price target on Private Bancorp of America from $88.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Three investment 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.67.

Private Bancorp of America Stock Performance

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03. The stock has a market cap of $472.39 million, a P/E ratio of 10.71 and a beta of 0.06. The stock has a fifty day simple moving average of $79.04 and a 200-day simple moving average of $72.69.

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