Private Bancorp of America (OTCMKTS:PBAM) Sees Large Volume Increase – Should You Buy?

Private Bancorp of America, Inc. (OTCMKTS:PBAM) saw an uptick in trading volume on Wednesday . Approximately 5,760 shares were traded during mid-day trading, a decline of 18% from the previous session’s volume of 6,995 shares.The stock last traded at $87.51 and had previously closed at $87.33.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. DA Davidson upped their price objective on shares of Private Bancorp of America from $91.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Piper Sandler lifted their target price 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 downgraded Private Bancorp of America from a “strong-buy” rating to a “hold” rating in a report on Friday, June 19th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.67.

Private Bancorp of America Stock Up 0.2%

The business’s fifty day moving average price is $79.04 and its 200 day moving average price is $72.69. The firm has a market capitalization of $501.08 million, a price-to-earnings ratio of 11.36 and a beta of 0.06. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03.

Private Bancorp of America (OTCMKTS:PBAM) last issued its quarterly earnings results on Monday, July 20th. The company reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $44.38 million during the quarter, compared to analysts’ expectations of $34.47 million. On average, equities analysts expect that Private Bancorp of America, Inc. will post 8.52 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.