Private Bancorp of America (OTCMKTS:PBAM) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Private Bancorp of America (OTCMKTS:PBAM) released its quarterly earnings results on Tuesday. The company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.07, MarketWatch Earnings reports.

Private Bancorp of America stock traded up $0.25 during midday trading on Thursday, hitting $24.40. The stock had a trading volume of 50,527 shares, compared to its average volume of 6,612. The company has a market capitalization of $136.88 million, a PE ratio of 10.12 and a beta of 0.51. Private Bancorp of America has a 12 month low of $12.00 and a 12 month high of $25.25. The business’s fifty day moving average is $24.72.

Several research firms recently commented on PBAM. Zacks Investment Research cut Private Bancorp of America from a “buy” rating to a “hold” rating in a research note on Tuesday, June 29th. Stephens began coverage on Private Bancorp of America in a research note on Wednesday, July 7th. They issued an “overweight” rating and a $29.00 price target on the stock.

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's personal banking services include personal checking and savings, certificate of deposit, and retirement accounts; additional services, such as direct deposits, online banking, ATMs/debit cards, credit cards, savings/line of credit overdraft protection, and safe deposit boxes; and certificate of deposit account registry services.

Recommended Story: Why is cost of goods sold important?

Earnings History for Private Bancorp of America (OTCMKTS:PBAM)

Receive News & Ratings for Private Bancorp of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Private Bancorp of America and related companies with's FREE daily email newsletter.