Private Bancorp of America (PBAM) to Release Earnings on Friday

Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) will likely be announcing its earnings results on Friday, April 18th. Analysts expect the company to announce earnings of $1.66 per share for the quarter.

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, beating 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%. On average, analysts expect Private Bancorp of America to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Private Bancorp of America Stock Up 0.9 %

OTCMKTS:PBAM traded up $0.47 during mid-day trading on Wednesday, hitting $51.97. 754 shares of the company's stock traded hands, compared to its average volume of 3,707. The company has a fifty day moving average of $56.13 and a 200 day moving average of $53.75. The company has a market capitalization of $300.85 million, a P/E ratio of 8.44 and a beta of 0.20. Private Bancorp of America has a twelve month low of $33.10 and a twelve month high of $61.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.03.

Wall Street Analysts Forecast Growth

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

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.