Private Bancorp of America (OTCMKTS:PBAM) Sees Strong Trading Volume – Here’s What Happened

Shares of Private Bancorp of America, Inc. (OTCMKTS:PBAM) saw unusually-strong trading volume on Tuesday . Approximately 10,532 shares changed hands during mid-day trading, an increase of 40% from the previous session’s volume of 7,547 shares.The stock last traded at $88.90 and had previously closed at $88.50.

Analyst Ratings Changes

Several equities analysts recently commented on PBAM shares. Piper Sandler boosted their target price on Private Bancorp of America from $88.00 to $96.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. DA Davidson set a $105.00 price target on Private Bancorp of America in a research report on Monday. Finally, Zacks Research lowered Private Bancorp of America from a “strong-buy” rating to a “hold” rating in a report on Friday, June 19th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.67.

Private Bancorp of America Stock Performance

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’s 50-day moving average is $80.66 and its 200 day moving average is $73.81. The company has a market cap of $506.81 million, a PE ratio of 11.49 and a beta of 0.06.

Private Bancorp of America (OTCMKTS:PBAM) last posted its earnings results on Monday, July 20th. The company reported $2.27 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $34.47 million. On average, equities research analysts predict that Private Bancorp of America, Inc. will post 8.52 EPS 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.