Private Bancorp of America (OTCMKTS:PBAM) Research Coverage Started at Brean Capital

Brean Capital began coverage on shares of Private Bancorp of America (OTCMKTS:PBAM) in a research note released on Thursday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $80.00 price target on the stock.

Separately, Piper Sandler decreased their price target on Private Bancorp of America from $78.00 to $77.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $77.33.

Private Bancorp of America Trading Up 5.1%

OTCMKTS:PBAM opened at $72.00 on Thursday. Private Bancorp of America has a 1 year low of $51.55 and a 1 year high of $72.00. The stock has a market cap of $411.84 million, a price-to-earnings ratio of 10.00 and a beta of 0.02. The business has a fifty day moving average of $67.22 and a 200-day moving average of $61.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.00 and a current ratio of 1.00.

Private Bancorp of America (OTCMKTS:PBAM) last released its quarterly earnings results on Monday, April 20th. The company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.32. Private Bancorp of America had a return on equity of 16.14% and a net margin of 23.51%.The company had revenue of $34.54 million during the quarter, compared to analysts’ expectations of $31.99 million. Equities analysts predict that Private Bancorp of America will post 6.88 earnings per share for the current 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.