Private Bancorp of America (OTCMKTS:PBAM) Posts Earnings Results, Beats Estimates By $0.18 EPS

Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) issued its quarterly earnings results on Friday. The company reported $1.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.18, Zacks reports. The firm had revenue of $41.45 million during the quarter, compared to the consensus estimate of $26.60 million. Private Bancorp of America had a return on equity of 16.96% and a net margin of 21.84%.

Private Bancorp of America Stock Performance

Shares of Private Bancorp of America stock remained flat at $49.00 during mid-day trading on Monday. 4,105 shares of the company's stock traded hands, compared to its average volume of 6,886. Private Bancorp of America has a 1 year low of $32.00 and a 1 year high of $51.55. The firm's 50 day moving average is $44.17 and its 200-day moving average is $39.10. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $281.80 million, a P/E ratio of 7.12 and a beta of 0.20.

Wall Street Analyst Weigh In

Separately, Stephens raised their target price on Private Bancorp of America from $41.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday, July 23rd.

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.