Private Bancorp of America (OTCMKTS:PBAM) Sees Large Volume Increase – What’s Next?

Private Bancorp of America, Inc. (OTCMKTS:PBAM) shares saw strong trading volume on Monday . 16,614 shares changed hands during trading, an increase of 3% from the previous session’s volume of 16,137 shares.The stock last traded at $91.55 and had previously closed at $90.85.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PBAM. DA Davidson set a $105.00 price target on Private Bancorp of America in a research report on Monday, August 24th. Piper Sandler upped their price objective 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. 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Private Bancorp of America presently has a consensus rating of “Moderate Buy” and an average target price of $93.67.

Private Bancorp of America Stock Up 0.7%

The business’s fifty day simple moving average is $84.19 and its two-hundred day simple moving average is $75.88. The company has a market cap of $524.29 million, a PE ratio of 11.88 and a beta of 0.07. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00.

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 net margin of 25.45% and a return on equity of 16.85%. The business had revenue of $44.38 million for the quarter, compared to analyst estimates of $34.47 million. On average, analysts predict that Private Bancorp of America, Inc. will post 8.52 earnings per share for the current year.

About Private Bancorp of America

Private Bancorp of America, Inc is a bank holding company headquartered in California. Through its banking operations, the company provides financial services to businesses, professionals, nonprofit organizations and individuals, with a focus on relationship-based community banking.

Its product offerings include commercial and industrial loans, commercial real estate financing, construction loans, lines of credit, residential real estate lending and a range of deposit accounts. The company also provides cash-management and other business banking services designed to support operating and treasury needs.

Private Bancorp of America has historically served clients in Southern California, particularly in the San Diego and Orange County markets.