Private Bancorp of America (OTCMKTS:PBAM) Sees Unusually-High Trading Volume – Here’s Why

Shares of Private Bancorp of America, Inc. (OTCMKTS:PBAM) saw unusually-strong trading volume on Monday . Approximately 5,722 shares changed hands during trading, a decline of 29% from the previous session’s volume of 8,061 shares.The stock last traded at $88.26 and had previously closed at $88.70.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PBAM shares. Piper Sandler raised their price objective on shares of Private Bancorp of America from $88.00 to $96.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. DA Davidson set a $105.00 target price on shares of Private Bancorp of America in a report on Monday, August 24th. Finally, Zacks Research cut shares of Private Bancorp of America from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 19th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $93.67.

Private Bancorp of America Stock Performance

The firm has a market capitalization of $507.04 million, a PE ratio of 11.50 and a beta of 0.06. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average of $81.19 and a 200 day moving average of $74.15.

Private Bancorp of America (OTCMKTS:PBAM) last released 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. The firm had revenue of $44.38 million for the quarter, compared to analysts’ expectations of $34.47 million. Private Bancorp of America had a return on equity of 16.85% and a net margin of 25.45%. Equities research analysts predict that Private Bancorp of America, Inc. will post 8.52 EPS 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.