Private Bancorp of America (OTCMKTS:PBAM) Upgraded at Zacks Research

Zacks Research upgraded shares of Private Bancorp of America (OTCMKTS:PBAM) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Several other research analysts have also issued reports on PBAM. Brean Capital assumed coverage on shares of Private Bancorp of America in a report on Thursday, April 16th. They set a “buy” rating and a $80.00 price target for the company. Piper Sandler reiterated an “overweight” rating and set a $88.00 price objective (up from $77.00) on shares of Private Bancorp of America in a research report on Monday. Finally, DA Davidson lifted their target price on shares of Private Bancorp of America from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat, Private Bancorp of America currently has a consensus rating of “Buy” and a consensus target price of $86.33.

Private Bancorp of America Trading Down 0.4%

Shares of PBAM stock opened at $73.20 on Tuesday. The stock has a market cap of $418.70 million, a price-to-earnings ratio of 10.17 and a beta of 0.02. The stock has a 50-day moving average of $67.91 and a 200-day moving average of $61.48. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.04. Private Bancorp of America has a 1-year low of $51.62 and a 1-year high of $74.25.

Private Bancorp of America (OTCMKTS:PBAM) last posted its quarterly earnings data on Friday, April 17th. The company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.32. Private Bancorp of America had a return on equity of 16.38% and a net margin of 24.01%.The company had revenue of $34.54 million for the quarter, compared to analyst estimates of $31.99 million. On average, equities research analysts forecast that Private Bancorp of America will post 8.21 earnings per share for the current 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.