Private Bancorp of America (OTCMKTS:PBAM) Trading 0.1% Higher - Should You Buy?

Shares of Private Bancorp of America, Inc. (OTCMKTS:PBAM - Get Free Report) traded up 0.1% during mid-day trading on Wednesday . The company traded as high as $59.50 and last traded at $59.40. 700 shares were traded during mid-day trading, a decline of 86% from the average session volume of 5,061 shares. The stock had previously closed at $59.35.

Analyst Ratings Changes

Separately, Piper Sandler restated an "overweight" rating and issued a $78.00 target price (down previously from $80.00) on shares of Private Bancorp of America in a research note on Tuesday, January 21st.

Private Bancorp of America Trading Down 0.1 %

The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $342.45 million, a price-to-earnings ratio of 9.63 and a beta of 0.14. The company has a fifty day moving average of $58.22 and a 200-day moving average of $50.52.

Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 research analysts anticipate that Private Bancorp of America, Inc. 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.