Private Bancorp of America (OTCMKTS:PBAM) Trading Up 1.1% – Should You Buy?

Posted by Jeff Wilder on Nov 17th, 2024

Private Bancorp of America, Inc. (OTCMKTS:PBAM – Get Free Report) rose 1.1% during mid-day trading on Friday . The stock traded as high as $49.31 and last traded at $49.31. Approximately 1,227 shares traded hands during trading, a decline of 81% from the average daily volume of 6,478 shares. The stock had previously closed at $48.75.

Wall Street Analyst Weigh In

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

Read Our Latest Report on PBAM

Private Bancorp of America Stock Up 1.1 %

The stock has a 50-day moving average of $46.44 and a 200 day moving average of $41.01. The company has a market capitalization of $284.03 million, a PE ratio of 8.65 and a beta of 0.19. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.24.

Private Bancorp of America (OTCMKTS:PBAM – Get Free Report) last announced its earnings results on Friday, October 18th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.18. The firm had revenue of $41.45 million during the quarter, compared to analyst estimates of $26.60 million. Private Bancorp of America had a return on equity of 17.00% and a net margin of 21.37%. Sell-side analysts anticipate that Private Bancorp of America, Inc. will post 5.89 EPS for the current year.

Private Bancorp of America Company Profile

(Get Free Report)

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.