Stephens Reiterates Overweight Rating for Private Bancorp of America (OTCMKTS:PBAM)

Private Bancorp of America (OTCMKTS:PBAM)‘s stock had its “overweight” rating reaffirmed by investment analysts at Stephens in a research report issued on Tuesday, Benzinga reports. They currently have a $41.00 price objective on the stock. Stephens’ price objective points to a potential upside of 20.41% from the company’s previous close.

Private Bancorp of America Stock Down 0.6 %

Shares of OTCMKTS:PBAM opened at $34.05 on Tuesday. The stock has a market cap of $194.77 million, a PE ratio of 4.95 and a beta of 0.22. The company’s fifty day moving average is $34.66 and its 200 day moving average is $34.32. Private Bancorp of America has a 52 week low of $23.65 and a 52 week high of $36.90.

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.