Private Bancorp of America (OTCMKTS:PBAM) Posts Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Private Bancorp of America (OTCMKTS:PBAM) issued its quarterly earnings data on Friday. The company reported $1.71 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.08), Zacks reports. Private Bancorp of America had a return on equity of 17.10% and a net margin of 24.04%.

Private Bancorp of America Trading Up 0.2%

Shares of OTCMKTS:PBAM opened at $57.53 on Friday. The business’s 50-day moving average is $56.95 and its 200 day moving average is $57.37. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.01 and a quick ratio of 1.01. Private Bancorp of America has a 1 year low of $50.60 and a 1 year high of $61.50. The firm has a market capitalization of $329.65 million, a P/E ratio of 8.17 and a beta of 0.10.

Analysts Set New Price Targets

PBAM has been the topic of several analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $73.00 target price (down previously from $77.00) on shares of Private Bancorp of America in a research note on Tuesday, October 21st. DA Davidson set a $75.00 price target on shares of Private Bancorp of America in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $74.00.

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.