Private Bancorp of America (OTCMKTS:PBAM) released its earnings results on Tuesday. The company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.07, MarketWatch Earnings reports.
PBAM traded up $0.25 during trading on Thursday, reaching $24.40. The company had a trading volume of 50,527 shares, compared to its average volume of 6,612. Private Bancorp of America has a 52 week low of $12.00 and a 52 week high of $25.25. The business’s 50 day moving average is $24.72. The company has a market capitalization of $136.88 million, a PE ratio of 10.12 and a beta of 0.51.
Several equities research analysts recently issued reports on PBAM shares. Zacks Investment Research lowered shares of Private Bancorp of America from a “buy” rating to a “hold” rating in a report on Tuesday, June 29th. Stephens started coverage on shares of Private Bancorp of America in a report on Wednesday, July 7th. They set an “overweight” rating and a $29.00 price objective for the company.
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's personal banking services include personal checking and savings, certificate of deposit, and retirement accounts; additional services, such as direct deposits, online banking, ATMs/debit cards, credit cards, savings/line of credit overdraft protection, and safe deposit boxes; and certificate of deposit account registry services.
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