Private Bancorp of America (OTCMKTS:PBAM) Sees Large Volume Increase – Here’s Why

Private Bancorp of America, Inc. (OTCMKTS:PBAM) saw an uptick in trading volume on Monday . Approximately 33,420 shares traded hands during trading, an increase of 47% from the previous session’s volume of 22,682 shares.The stock last traded at $89.70 and had previously closed at $89.08.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PBAM. Piper Sandler upped their price target on Private Bancorp of America from $88.00 to $96.00 and gave the company an “overweight” rating in a report on Monday, July 20th. 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 set a $105.00 target price on shares of Private Bancorp of America in a research report on Monday, August 24th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.67.

Private Bancorp of America Price Performance

The stock has a market cap of $506.82 million, a PE ratio of 11.49 and a beta of 0.07. The firm’s fifty day moving average price is $86.29 and its 200 day moving average price is $77.01. 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 (OTCMKTS:PBAM) last issued its quarterly earnings data on Monday, July 20th. The company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.27. The business had revenue of $44.38 million during the quarter, compared to analysts’ expectations of $34.47 million. Private Bancorp of America had a net margin of 25.45% and a return on equity of 16.85%. As a group, equities analysts expect that Private Bancorp of America, Inc. will post 8.52 EPS for the current fiscal year.

About Private Bancorp of America

Private Bancorp of America, Inc is a bank holding company headquartered in California. Through its banking operations, the company provides financial services to businesses, professionals, nonprofit organizations and individuals, with a focus on relationship-based community banking.

Its product offerings include commercial and industrial loans, commercial real estate financing, construction loans, lines of credit, residential real estate lending and a range of deposit accounts. The company also provides cash-management and other business banking services designed to support operating and treasury needs.

Private Bancorp of America has historically served clients in Southern California, particularly in the San Diego and Orange County markets.