Private Bancorp of America (OTCMKTS:PBAM) Sees Strong Trading Volume – Still a Buy?

Shares of Private Bancorp of America, Inc. (OTCMKTS:PBAM) saw unusually-strong trading volume on Wednesday . Approximately 5,760 shares changed hands during mid-day trading, a decline of 18% from the previous session’s volume of 6,995 shares.The stock last traded at $87.51 and had previously closed at $87.33.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PBAM. Piper Sandler lifted their target price on Private Bancorp of America from $88.00 to $96.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Zacks Research lowered Private Bancorp of America from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 19th. Finally, 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 report 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.67.

Private Bancorp of America Trading Down 0.1%

The company has a market capitalization of $499.31 million, a PE ratio of 11.32 and a beta of 0.06. 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 company’s fifty day moving average is $79.59 and its 200-day moving average is $73.08.

Private Bancorp of America (OTCMKTS:PBAM) last posted its 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. The company had revenue of $44.38 million during the quarter, compared to analyst estimates of $34.47 million. Private Bancorp of America had a return on equity of 16.85% and a net margin of 25.45%. On average, analysts anticipate that Private Bancorp of America, Inc. will post 8.52 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.