Shares of Private Bancorp of America, Inc. (OTCMKTS:PBAM – Get Free Report) saw an uptick in trading volume on Tuesday . Approximately 10,532 shares were traded during trading, an increase of 40% from the previous session’s volume of 7,547 shares.The stock last traded at $88.90 and had previously closed at $88.50.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. Zacks Research downgraded Private Bancorp of America from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 19th. Piper Sandler raised their price target on shares of Private Bancorp of America from $88.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Finally, DA Davidson set a $105.00 price target on shares of Private Bancorp of America in a report on Monday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Private Bancorp of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.67.
View Our Latest Stock Analysis on PBAM
Private Bancorp of America Stock Performance
Private Bancorp of America (OTCMKTS:PBAM – Get Free Report) last issued its earnings results on Monday, July 20th. The company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.27. Private Bancorp of America had a return on equity of 16.85% and a net margin of 25.45%.The business had revenue of $44.38 million during the quarter, compared to analysts’ expectations of $34.47 million. Equities research analysts anticipate that Private Bancorp of America, Inc. will post 8.52 EPS 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.
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