Piper Sandler Has Lowered Expectations for Private Bancorp of America (OTCMKTS:PBAM) Stock Price

Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) had its target price reduced by stock analysts at Piper Sandler from $78.00 to $68.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Piper Sandler's target price would suggest a potential upside of 26.63% from the company's previous close.

Private Bancorp of America Trading Up 0.4 %

OTCMKTS:PBAM traded up $0.20 on Tuesday, hitting $53.70. The stock had a trading volume of 127 shares, compared to its average volume of 3,580. The company has a fifty day moving average price of $55.04 and a two-hundred day moving average price of $54.10. The stock has a market cap of $310.87 million, a price-to-earnings ratio of 8.72 and a beta of 0.20. 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 has a 1-year low of $33.80 and a 1-year high of $61.50.

Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.14. The company had revenue of $29.35 million during the quarter, compared to analyst estimates of $30.30 million. Private Bancorp of America had a return on equity of 17.55% and a net margin of 22.11%. Equities research analysts expect that Private Bancorp of America will post 6.88 earnings per share for the current fiscal year.

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.