Private Bancorp of America (OTCMKTS:PBAM) Trading Up 0.6% – Here’s Why

Private Bancorp of America, Inc. (OTCMKTS:PBAMGet Free Report) rose 0.6% during trading on Monday . The stock traded as high as $55.00 and last traded at $55.00. Approximately 337 shares were traded during trading, a decline of 92% from the average daily volume of 4,231 shares. The stock had previously closed at $54.65.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler restated an “overweight” rating and issued a $78.00 price target (down previously from $80.00) on shares of Private Bancorp of America in a research note on Tuesday, January 21st.

Get Our Latest Analysis on Private Bancorp of America

Private Bancorp of America Price Performance

The stock has a market capitalization of $315.51 million, a price-to-earnings ratio of 8.88 and a beta of 0.15. The company’s 50-day simple moving average is $58.21 and its 200-day simple moving average is $52.68. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.03.

Private Bancorp of America (OTCMKTS:PBAMGet Free Report) last announced its earnings results on Friday, January 17th. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.22. Private Bancorp of America had a return on equity of 17.55% and a net margin of 22.11%. Research analysts forecast that Private Bancorp of America, Inc. will post 6.88 earnings per share 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.

Further Reading

Receive News & Ratings for Private Bancorp of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Private Bancorp of America and related companies with MarketBeat.com's FREE daily email newsletter.