Private Bancorp of America (OTCMKTS:PBAM) Issues Earnings Results, Beats Expectations By $0.18 EPS

Private Bancorp of America (OTCMKTS:PBAM) posted its quarterly earnings data on Friday. The company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.18, Zacks reports. The firm had revenue of $41.45 million for the quarter, compared to analyst estimates of $26.60 million. Private Bancorp of America had a return on equity of 16.96% and a net margin of 21.84%.

Private Bancorp of America Price Performance

Shares of OTCMKTS:PBAM opened at $49.00 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.04. Private Bancorp of America has a 52 week low of $31.95 and a 52 week high of $51.55. The firm has a market cap of $281.80 million, a PE ratio of 7.12 and a beta of 0.20. The firm’s fifty day moving average is $44.05 and its 200-day moving average is $39.00.

Wall Street Analyst Weigh In

Separately, Stephens upped their price target on shares of Private Bancorp of America from $41.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd.

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.