Private Bancorp of America (OTCMKTS:PBAM) Trading 0.6% Higher – Here’s Why

Shares of Private Bancorp of America, Inc. (OTCMKTS:PBAM) traded up 0.6% during mid-day trading on Monday . The company traded as high as $55.00 and last traded at $55.00. 337 shares traded hands during trading, a decline of 92% from the average session volume of 4,231 shares. The stock had previously closed at $54.65.

Analyst Ratings Changes

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

Private Bancorp of America Stock Up 0.6 %

The company has a 50 day moving average of $58.24 and a 200-day moving average of $52.61. The company has a market capitalization of $317.24 million, a P/E ratio of 8.93 and a beta of 0.15. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.03.

Private Bancorp of America (OTCMKTS:PBAM) last released its quarterly earnings results on Friday, January 17th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.22. Private Bancorp of America had a net margin of 22.11% and a return on equity of 17.55%. As a group, equities analysts anticipate that Private Bancorp of America, Inc. will post 6.88 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.