Private Bancorp of America (OTCMKTS:PBAM) Given Overweight Rating at Stephens

Private Bancorp of America (OTCMKTS:PBAM)‘s stock had its “overweight” rating reaffirmed by research analysts at Stephens in a research note issued on Tuesday, Benzinga reports. They presently have a $41.00 price target on the stock. Stephens’ price objective would indicate a potential upside of 19.71% from the stock’s previous close.

Private Bancorp of America Stock Performance

PBAM remained flat at $34.25 on Tuesday. 6,395 shares of the company’s stock traded hands, compared to its average volume of 1,698. The company has a market capitalization of $195.91 million, a PE ratio of 4.98 and a beta of 0.22. The firm’s fifty day simple moving average is $34.72 and its 200-day simple moving average is $34.30. Private Bancorp of America has a 52 week low of $23.65 and a 52 week high of $36.90.

Private Bancorp of America (OTCMKTS:PBAM) last announced its earnings results on Tuesday, January 23rd. The company reported $1.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.36. The company had revenue of $35.31 million for the quarter, compared to analyst estimates of $24.10 million. Private Bancorp of America had a return on equity of 18.47% and a net margin of 28.74%. As a group, equities research analysts forecast that Private Bancorp of America will post 5.1 EPS for the current fiscal year.

About Private Bancorp of America

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.