FY2024 EPS Estimates for OTCMKTS:PBAM Boosted by DA Davidson

Private Bancorp of America, Inc. (OTCMKTS:PBAM) – DA Davidson upped their FY2024 earnings per share (EPS) estimates for Private Bancorp of America in a research report issued on Wednesday, October 23rd. DA Davidson analyst G. Tenner now expects that the company will earn $5.92 per share for the year, up from their previous forecast of $5.51. The consensus estimate for Private Bancorp of America’s current full-year earnings is $5.63 per share.

Private Bancorp of America (OTCMKTS:PBAM) 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 company had revenue of $41.45 million for the quarter, compared to the consensus estimate of $26.60 million. Private Bancorp of America had a net margin of 21.37% and a return on equity of 17.00%.

Separately, Stephens boosted their price objective on shares of 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.

Private Bancorp of America Price Performance

Shares of PBAM opened at $49.00 on Friday. The business’s 50-day moving average is $44.55 and its 200-day moving average is $39.35. 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 company has a market capitalization of $281.80 million, a price-to-earnings ratio of 7.12 and a beta of 0.20. Private Bancorp of America has a fifty-two week low of $32.00 and a fifty-two week high of $51.55.

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.