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

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

Private Bancorp of America Stock Up 4.8 %

Shares of OTCMKTS PBAM opened at $49.00 on Monday. Private Bancorp of America has a 12-month low of $31.95 and a 12-month high of $51.55. The company has a market capitalization of $281.80 million, a PE ratio of 7.12 and a beta of 0.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.04 and a quick ratio of 1.04. The firm’s 50-day moving average is $44.05 and its two-hundred day moving average is $39.00.

Analyst Ratings Changes

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

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.