Private Bancorp of America (OTCMKTS:PBAM – Get Free Report) announced its earnings results on Friday. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.01, Zacks reports. The business had revenue of $40.20 million during the quarter, compared to the consensus estimate of $24.80 million. Private Bancorp of America had a net margin of 28.74% and a return on equity of 18.01%.
Private Bancorp of America Trading Up 11.8 %
Shares of PBAM opened at $42.50 on Monday. The firm has a market cap of $244.42 million, a P/E ratio of 6.18 and a beta of 0.21. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.05 and a quick ratio of 1.05. Private Bancorp of America has a 1 year low of $28.00 and a 1 year high of $42.58. The company has a 50 day simple moving average of $35.28 and a two-hundred day simple moving average of $35.04.
Analyst Upgrades and Downgrades
Separately, Stephens reiterated an “overweight” rating and set a $41.00 target price on shares of Private Bancorp of America in a research note on Tuesday, April 23rd.
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.
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