Private Bancorp of America’s (PBAM) “Buy” Rating Reiterated at DA Davidson

DA Davidson restated their buy rating on shares of Private Bancorp of America (OTCMKTS:PBAM) in a research report sent to investors on Friday,Benzinga reports. The firm currently has a $91.00 target price on the stock.

PBAM has been the topic of a number of other reports. Zacks Research lowered Private Bancorp of America from a “strong-buy” rating to a “hold” rating in a report on Friday, June 19th. Brean Capital assumed coverage on shares of Private Bancorp of America in a report on Thursday, April 16th. They issued a “buy” rating and a $80.00 price target for the company. Finally, Piper Sandler restated an “overweight” rating and set a $88.00 price objective (up from $77.00) on shares of Private Bancorp of America in a research report on Monday, April 20th. Three 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 an average price target of $86.33.

Private Bancorp of America Stock Performance

Shares of OTCMKTS PBAM opened at $79.50 on Friday. Private Bancorp of America has a 1 year low of $54.45 and a 1 year high of $81.39. The firm has a market cap of $455.54 million, a P/E ratio of 10.32 and a beta of 0.07. The stock has a fifty day moving average price of $74.33 and a two-hundred day moving average price of $68.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00.

Private Bancorp of America (OTCMKTS:PBAM) last posted its quarterly earnings data on Thursday, July 16th. The company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $34.47 million. Research analysts forecast that Private Bancorp of America will post 8.22 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.