Private Bancorp of America (OTCMKTS:PBAM) Shares Up 0.6% – Should You Buy?

Private Bancorp of America, Inc. (OTCMKTS:PBAM) traded up 0.6% on Monday . The company traded as high as $55.00 and last traded at $55.00. 337 shares changed 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.

Analysts Set New Price Targets

Separately, Piper Sandler reissued 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.

Private Bancorp of America Price Performance

The stock has a market cap of $315.51 million, a P/E ratio of 8.88 and a beta of 0.15. The company has a 50 day simple moving average of $58.21 and a 200 day simple moving average of $52.68. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13.

Private Bancorp of America (OTCMKTS:PBAM) last issued its quarterly earnings results on Friday, January 17th. The company reported $1.82 EPS for the quarter, topping 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%. Sell-side analysts forecast that Private Bancorp of America, Inc. will post 6.88 earnings per share for the current fiscal year.

About Private Bancorp of America

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.