Private Bancorp of America (OTCMKTS:PBAM – Free Report) had its price objective hoisted by Piper Sandler from $88.00 to $96.00 in a research note released on Monday, MarketBeat reports. Piper Sandler currently has an overweight rating on the stock.
A number of other research firms also recently weighed in on PBAM. Zacks Research downgraded Private Bancorp of America from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 19th. Brean Capital initiated coverage on Private Bancorp of America in a report on Thursday, April 16th. They issued a “buy” rating and a $80.00 price objective for the company. Finally, DA Davidson restated a “buy” rating and set a $91.00 target price on shares of Private Bancorp of America in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.67.
View Our Latest Stock Analysis on Private Bancorp of America
Private Bancorp of America Stock Performance
Private Bancorp of America (OTCMKTS:PBAM – Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The company reported $2.27 earnings per share 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 for the quarter, compared to analyst estimates of $34.47 million. Equities analysts anticipate that Private Bancorp of America will post 8.38 earnings per share 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.
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