Private Bancorp of America, Inc. (OTCMKTS:PBAM - Free Report) - Research analysts at DA Davidson upped their FY2024 earnings per share (EPS) estimates for Private Bancorp of America in a note issued to investors on Wednesday, October 23rd. DA Davidson analyst G. Tenner now expects that the company will earn $5.92 per share for the year, up from their prior estimate of $5.51. The consensus estimate for Private Bancorp of America's current full-year earnings is $5.63 per share.
Separately, Stephens boosted their price objective on shares of Private Bancorp of America from $41.00 to $53.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 23rd.
View Our Latest Analysis on Private Bancorp of America
Private Bancorp of America Price Performance
Shares of PBAM remained flat at $49.00 on Friday. The stock had a trading volume of 542 shares, compared to its average volume of 6,796. The firm has a market capitalization of $281.80 million, a P/E ratio of 7.12 and a beta of 0.20. Private Bancorp of America has a fifty-two week low of $32.00 and a fifty-two week high of $51.55. The business has a fifty day moving average price of $44.67 and a 200 day moving average price of $39.45. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.24.
Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) last released its quarterly earnings data on Friday, October 18th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.18. Private Bancorp of America had a return on equity of 17.00% and a net margin of 21.37%. The firm had revenue of $41.45 million during the quarter, compared to analyst estimates of $26.60 million.
About Private Bancorp of America
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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.
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