Private Bancorp of America (OTCMKTS:PBAM) Trading Down 0.1% – Time to Sell?

Private Bancorp of America, Inc. (OTCMKTS:PBAM)’s share price was down 0.1% during trading on Wednesday . The stock traded as low as $67.89 and last traded at $67.89. Approximately 100 shares traded hands during trading, a decline of 98% from the average daily volume of 4,232 shares. The stock had previously closed at $67.99.

Analyst Ratings Changes

Separately, Piper Sandler dropped their price target on shares of Private Bancorp of America from $78.00 to $77.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $76.00.

Private Bancorp of America Trading Down 0.1%

The company has a market capitalization of $389.69 million, a price-to-earnings ratio of 9.80 and a beta of 0.07. The firm has a 50-day moving average price of $64.39 and a 200-day moving average price of $59.93. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.04.

Private Bancorp of America (OTCMKTS:PBAM) last announced its quarterly earnings data on Friday, January 16th. The company reported $1.71 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.08). The firm had revenue of $32.47 million during the quarter, compared to analyst estimates of $32.58 million. Private Bancorp of America had a net margin of 23.51% and a return on equity of 16.42%. As a group, sell-side analysts predict that Private Bancorp of America, Inc. will post 6.88 EPS for the current 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.