Private Bancorp of America (OTCMKTS:PBAM) Trading Down 0.1% – Here’s Why

Private Bancorp of America, Inc. (OTCMKTS:PBAM) traded down 0.1% on Wednesday . The company traded as low as $67.89 and last traded at $67.89. 100 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 4,232 shares. The stock had previously closed at $67.99.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reduced their target price on shares of Private Bancorp of America from $78.00 to $77.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $76.00.

Private Bancorp of America Stock Up 0.1%

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $390.53 million, a price-to-earnings ratio of 9.81 and a beta of 0.07. The firm has a 50 day simple moving average of $64.60 and a two-hundred day simple moving average of $59.99.

Private Bancorp of America (OTCMKTS:PBAM) last posted its earnings results on Friday, January 16th. The company reported $1.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.08). The company had revenue of $32.47 million for the quarter, compared to analyst estimates of $32.58 million. Private Bancorp of America had a return on equity of 16.42% and a net margin of 23.51%. As a group, sell-side analysts expect that Private Bancorp of America, Inc. will post 6.88 EPS 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.