Private Bancorp of America (OTCMKTS:PBAM) Price Target Raised to $96.00 at Piper Sandler

Private Bancorp of America (OTCMKTS:PBAM) had its price objective hoisted by Piper Sandler from $88.00 to $96.00 in a research report sent to investors on Monday morning, MarketBeat reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also issued reports on PBAM. Brean Capital started coverage on shares of Private Bancorp of America in a research report on Thursday, April 16th. They set a “buy” rating and a $80.00 target price on the stock. Zacks Research downgraded shares of Private Bancorp of America from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 19th. Finally, DA Davidson reiterated a “buy” rating and issued a $91.00 price target on shares of Private Bancorp of America in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $90.67.

Private Bancorp of America Stock Up 1.1%

Shares of OTCMKTS PBAM opened at $80.36 on Monday. The stock has a market cap of $460.46 million, a PE ratio of 10.44 and a beta of 0.07. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03. Private Bancorp of America has a 52-week low of $54.45 and a 52-week high of $81.50. The business has a 50-day moving average price of $74.45 and a 200 day moving average price of $68.87.

Private Bancorp of America (OTCMKTS:PBAM) last released its quarterly earnings results on Thursday, July 16th. The company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.00 by $0.27. The company had revenue of $44.38 million for the quarter, compared to analyst estimates of $34.47 million. Private Bancorp of America had a return on equity of 16.85% and a net margin of 25.45%. Equities research analysts forecast that Private Bancorp of America will post 8.22 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.