Private Bancorp of America (OTCMKTS:PBAM) Trading 0.6% Higher - Still a Buy?

Private Bancorp of America, Inc. (OTCMKTS:PBAM - Get Free Report)'s share price traded up 0.6% during mid-day trading on Monday . The stock traded as high as $55.00 and last traded at $55.00. 337 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 4,231 shares. The stock had previously closed at $54.65.

Wall Street Analysts Forecast Growth

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

Private Bancorp of America Price Performance

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 firm's 50-day moving average price is $58.14 and its 200-day moving average price is $52.83. The stock has a market capitalization of $317.24 million, a PE ratio of 8.93 and a beta of 0.15.

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 for the quarter, beating analysts' consensus estimates of $1.60 by $0.22. Private Bancorp of America had a net margin of 22.11% and a return on equity of 17.55%. On average, equities analysts forecast that Private Bancorp of America, Inc. will post 6.88 EPS for the current fiscal year.

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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.