Private Bancorp of America, Inc. (OTCMKTS:PBAM – Get Free Report) saw unusually-strong trading volume on Wednesday . 5,760 shares changed hands during trading, a decline of 18% from the previous session’s volume of 6,995 shares.The stock last traded at $87.51 and had previously closed at $87.33.
Analyst Ratings Changes
PBAM has been the subject of a number of recent research reports. Zacks Research lowered Private Bancorp of America from a “strong-buy” rating to a “hold” rating in a report on Friday, June 19th. Piper Sandler increased their price target on 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. Finally, DA Davidson lifted their price objective on Private Bancorp of America from $91.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Three equities research 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.67.
View Our Latest Analysis on PBAM
Private Bancorp of America Stock Performance
Private Bancorp of America (OTCMKTS:PBAM – Get Free Report) last released its quarterly earnings data on Monday, July 20th. The company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.27. The business had revenue of $44.38 million during the quarter, compared to analysts’ expectations of $34.47 million. Private Bancorp of America had a net margin of 25.45% and a return on equity of 16.85%. As a group, research analysts expect that Private Bancorp of America, Inc. will post 8.52 earnings per share for the current fiscal 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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