Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) released its earnings results on Monday. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.14, Zacks reports. Private Bancorp of America had a net margin of 22.11% and a return on equity of 17.55%. The business had revenue of $29.35 million during the quarter, compared to analysts' expectations of $30.30 million.
Private Bancorp of America Trading Up 0.4 %
Shares of OTCMKTS PBAM traded up $0.20 during trading on Friday, reaching $53.70. The company had a trading volume of 127 shares, compared to its average volume of 3,580. Private Bancorp of America has a 12 month low of $33.80 and a 12 month high of $61.50. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. The stock has a market cap of $310.87 million, a P/E ratio of 8.72 and a beta of 0.20. The company's fifty day moving average price is $55.04 and its 200-day moving average price is $54.04.
Wall Street Analyst Weigh In
Separately, Piper Sandler reduced their target price on Private Bancorp of America from $78.00 to $68.00 and set an "overweight" rating for the company in a research note on Tuesday.
Read Our Latest Research Report on PBAM
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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