Private Bancorp of America (OTCMKTS:PBAM) Trading Down 0.3% – Here’s Why

Shares of Private Bancorp of America, Inc. (OTCMKTS:PBAM) fell 0.3% on Monday . The stock traded as low as $55.41 and last traded at $55.41. 588 shares were traded during trading, a decline of 91% from the average session volume of 6,501 shares. The stock had previously closed at $55.60.

Private Bancorp of America Trading Down 0.3 %

The business’s 50-day simple moving average is $49.20 and its two-hundred day simple moving average is $43.34. The firm has a market capitalization of $319.16 million, a price-to-earnings ratio of 9.72 and a beta of 0.19. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.13.

Private Bancorp of America (OTCMKTS:PBAM) last posted its earnings results on Friday, October 18th. The company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.18. The firm had revenue of $41.45 million during the quarter, compared to the consensus estimate of $26.60 million. Private Bancorp of America had a net margin of 21.37% and a return on equity of 16.57%. Equities analysts forecast that Private Bancorp of America, Inc. will post 5.89 earnings per share for the current 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.