Shares of Private Bancorp of America, Inc. (OTCMKTS:PBAM – Get Free Report) saw unusually-high trading volume on Monday . 5,722 shares were traded during trading, a decline of 29% from the previous session’s volume of 8,061 shares.The stock last traded at $88.26 and had previously closed at $88.70.
Wall Street Analyst Weigh In
PBAM has been the topic of a number of research reports. Piper Sandler raised their target price on shares of Private Bancorp of America from $88.00 to $96.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Zacks Research cut shares of Private Bancorp of America from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 19th. Finally, DA Davidson set a $105.00 price objective on shares of Private Bancorp of America in a research note on Monday, August 24th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Private Bancorp of America currently has an average rating of “Moderate Buy” and a consensus target price of $93.67.
Check Out Our Latest Report on Private Bancorp of America
Private Bancorp of America Price Performance
Private Bancorp of America (OTCMKTS:PBAM – Get Free Report) last released its quarterly earnings results on Monday, July 20th. The company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.00 by $0.27. Private Bancorp of America had a net margin of 25.45% and a return on equity of 16.85%. The business had revenue of $44.38 million during the quarter, compared to analyst estimates of $34.47 million. As a group, research analysts predict that Private Bancorp of America, Inc. will post 8.52 earnings per share for the current fiscal 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.
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