Private Bancorp of America (OTCMKTS:PBAM) Reaches New 1-Year High – Time to Buy?

Private Bancorp of America, Inc. (OTCMKTS:PBAM – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $87.50 and last traded at $87.40, with a volume of 3310 shares changing hands. The stock had previously closed at $87.01.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Piper Sandler increased their price objective on shares of Private Bancorp of America from $88.00 to $96.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. DA Davidson boosted their price target on Private Bancorp of America from $91.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Finally, Zacks Research lowered shares of Private Bancorp of America from a “strong-buy” rating to a “hold” rating in a report on Friday, June 19th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Private Bancorp of America currently has a consensus rating of “Moderate Buy” and an average target price of $90.67.

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View Our Latest Analysis on PBAM

Private Bancorp of America Stock Down 0.1%

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03. The company has a market cap of $499.71 million, a price-to-earnings ratio of 11.33 and a beta of 0.06. The firm’s 50 day simple moving average is $79.32 and its 200 day simple moving average is $72.89.

Private Bancorp of America (OTCMKTS:PBAM – Get Free Report) last announced its quarterly 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. The company had revenue of $44.38 million during the quarter, compared to analyst estimates of $34.47 million. Private Bancorp of America had a return on equity of 16.85% and a net margin of 25.45%. Sell-side analysts anticipate that Private Bancorp of America, Inc. will post 8.52 EPS for the current fiscal year.

Private Bancorp of America Company Profile

(Get Free Report)

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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