Shares of Private Bancorp of America, Inc. (OTCMKTS:PBAM – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 16,614 shares traded hands during trading, an increase of 3% from the previous session’s volume of 16,137 shares.The stock last traded at $91.55 and had previously closed at $90.85.
Analysts Set New Price Targets
A number of brokerages recently issued reports on PBAM. Piper Sandler lifted their price objective 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. Zacks Research downgraded Private Bancorp of America from a “strong-buy” rating to a “hold” rating in a report on Friday, June 19th. Finally, DA Davidson set a $105.00 price target on Private Bancorp of America in a research note on Monday, August 24th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $93.67.
Check Out Our Latest Stock Report on Private Bancorp of America
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 for the quarter, beating analysts’ consensus estimates of $2.00 by $0.27. The firm had revenue of $44.38 million for the quarter, compared to analyst estimates of $34.47 million. Private Bancorp of America had a net margin of 25.45% and a return on equity of 16.85%. On average, analysts predict that Private Bancorp of America, Inc. will post 8.52 EPS for the current fiscal year.
About Private Bancorp of America
Private Bancorp of America, Inc is a bank holding company headquartered in California. Through its banking operations, the company provides financial services to businesses, professionals, nonprofit organizations and individuals, with a focus on relationship-based community banking.
Its product offerings include commercial and industrial loans, commercial real estate financing, construction loans, lines of credit, residential real estate lending and a range of deposit accounts. The company also provides cash-management and other business banking services designed to support operating and treasury needs.
Private Bancorp of America has historically served clients in Southern California, particularly in the San Diego and Orange County markets.
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