Private Bancorp of America (OTCMKTS:PBAM) Stock Price Up 0.1% – What’s Next?

Private Bancorp of America, Inc. (OTCMKTS:PBAM) was up 0.1% during trading on Wednesday . The company traded as high as $59.50 and last traded at $59.40. Approximately 700 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 5,061 shares. The stock had previously closed at $59.35.

Wall Street Analyst Weigh In

Separately, Piper Sandler reissued an “overweight” rating and set a $78.00 target price (down from $80.00) on shares of Private Bancorp of America in a research note on Tuesday, January 21st.

Private Bancorp of America Stock Performance

The firm has a market capitalization of $342.74 million, a price-to-earnings ratio of 9.64 and a beta of 0.14. The firm’s 50-day moving average price is $58.05 and its two-hundred day moving average price is $50.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.03.

Private Bancorp of America (OTCMKTS:PBAM) last posted its earnings results on Friday, January 17th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.60 by $0.22. Private Bancorp of America had a return on equity of 17.55% and a net margin of 22.11%. Sell-side analysts predict that Private Bancorp of America, Inc. will post 6.88 earnings per share 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.