Piper Sandler Reiterates Overweight Rating for Private Bancorp of America (OTCMKTS:PBAM)

Private Bancorp of America (OTCMKTS:PBAM - Get Free Report)'s stock had its "overweight" rating reaffirmed by stock analysts at Piper Sandler in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $78.00 price objective on the stock, down from their previous price objective of $80.00. Piper Sandler's price target suggests a potential upside of 32.20% from the stock's previous close.

Private Bancorp of America Stock Up 0.0 %

PBAM traded up $0.01 during trading on Tuesday, hitting $59.00. 2,620 shares of the company's stock were exchanged, compared to its average volume of 7,485. Private Bancorp of America has a fifty-two week low of $32.37 and a fifty-two week high of $60.00. The stock has a market cap of $340.25 million, a P/E ratio of 9.58 and a beta of 0.14. The business's 50 day moving average is $53.86 and its two-hundred day moving average is $47.26. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.13.

Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $0.22. Private Bancorp of America had a return on equity of 17.55% and a net margin of 22.11%. As a group, equities analysts expect that Private Bancorp of America will post 6.28 earnings per share for the current fiscal 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.