Private Bancorp of America (OTCMKTS:PBAM) Sees Unusually-High Trading Volume – Should You Buy?

Private Bancorp of America, Inc. (OTCMKTS:PBAM) shares saw unusually-strong trading volume on Tuesday . 10,532 shares traded hands during mid-day trading, an increase of 40% from the previous session’s volume of 7,547 shares.The stock last traded at $88.90 and had previously closed at $88.50.

Analysts Set New Price Targets

PBAM has been the subject of several analyst reports. DA Davidson set a $105.00 price target on shares of Private Bancorp of America in a research note on Monday. 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. Finally, Piper Sandler increased their price objective on Private Bancorp of America from $88.00 to $96.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.67.

Private Bancorp of America Price Performance

The firm has a market capitalization of $504.06 million, a P/E ratio of 11.43 and a beta of 0.06. The company has a fifty day moving average of $80.12 and a 200 day moving average of $73.46. 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 released its quarterly 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 firm had revenue of $44.38 million during the quarter, compared to analyst estimates of $34.47 million. Sell-side 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 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.