Private Bancorp of America (OTCMKTS:PBAM) Sees Unusually-High Trading Volume – Time to Buy?

Private Bancorp of America, Inc. (OTCMKTS:PBAM) saw an uptick in trading volume on Tuesday . Approximately 42,277 shares changed hands during trading, an increase of 330% from the previous session’s volume of 9,842 shares.The stock last traded at $90.56 and had previously closed at $90.10.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. DA Davidson set a $105.00 price target on shares of Private Bancorp of America in a report on Monday, August 24th. 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, Piper Sandler boosted their price objective 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. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.67.

Private Bancorp of America Trading Up 0.7%

The company has a market cap of $519.35 million, a price-to-earnings ratio of 11.78 and a beta of 0.07. 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 company’s 50-day moving average is $82.88 and its 200 day moving average is $75.18.

Private Bancorp of America (OTCMKTS:PBAM) last issued its quarterly earnings data 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 business had revenue of $44.38 million during the quarter, compared to the consensus estimate of $34.47 million. Private Bancorp of America had a net margin of 25.45% and a return on equity of 16.85%. Research analysts predict that Private Bancorp of America, Inc. will post 8.52 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.