Private Bancorp of America (OTCMKTS:PBAM) Hits New 1-Year High – Should You Buy?

Private Bancorp of America, Inc. (OTCMKTS:PBAM) reached a new 52-week high on Wednesday . The company traded as high as $89.20 and last traded at $88.96, with a volume of 22825 shares. The stock had previously closed at $88.50.

Wall Street Analyst Weigh In

PBAM has been the topic of several recent analyst reports. DA Davidson set a $105.00 price objective on shares of Private Bancorp of America in a report on Monday, August 24th. Zacks Research lowered Private Bancorp of America from a “strong-buy” rating to a “hold” rating in a report on Friday, June 19th. Finally, Piper Sandler upped their price objective on Private Bancorp of America from $88.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.67.

Private Bancorp of America Trading Up 1.2%

The firm has a market cap of $513.05 million, a price-to-earnings ratio of 11.64 and a beta of 0.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00. The business has a fifty day moving average of $81.71 and a two-hundred day moving average of $74.48.

Private Bancorp of America (OTCMKTS:PBAM) last issued its quarterly earnings results on Monday, July 20th. The company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.27. Private Bancorp of America had a return on equity of 16.85% and a net margin of 25.45%.The company had revenue of $44.38 million during the quarter, compared to the consensus estimate of $34.47 million. As a group, equities analysts expect that Private Bancorp of America, Inc. will post 8.52 earnings per share for the current fiscal year.

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.