Private Bancorp of America (OTCMKTS:PBAM) Trading 0.6% Higher – Still a Buy?

Shares of Private Bancorp of America, Inc. (OTCMKTS:PBAM) traded up 0.6% during mid-day trading on Monday . The stock traded as high as $55.00 and last traded at $55.00. 337 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 4,231 shares. The stock had previously closed at $54.65.

Wall Street Analysts Forecast Growth

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

Private Bancorp of America Stock Performance

The company has a market cap of $317.24 million, a P/E ratio of 8.93 and a beta of 0.15. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $58.24 and a two-hundred day simple moving average of $52.61.

Private Bancorp of America (OTCMKTS:PBAM) last released its quarterly earnings results on Friday, January 17th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.60 by $0.22. Private Bancorp of America had a net margin of 22.11% and a return on equity of 17.55%. On average, sell-side analysts anticipate that Private Bancorp of America, Inc. will post 6.88 EPS 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.