Private Bancorp of America (OTCMKTS:PBAM) Price Target Raised to $53.00 at Stephens

Private Bancorp of America (OTCMKTS:PBAM) had its price target upped by Stephens from $41.00 to $53.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Private Bancorp of America Price Performance

Shares of PBAM stock opened at $45.48 on Tuesday. The firm has a market cap of $261.51 million, a P/E ratio of 6.61 and a beta of 0.21. The firm has a fifty day moving average of $36.23 and a two-hundred day moving average of $35.32. 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 $31.10 and a 1-year high of $45.50.

Private Bancorp of America (OTCMKTS:PBAM) last issued its earnings results on Friday, July 19th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.34 by $0.01. Private Bancorp of America had a return on equity of 17.34% and a net margin of 21.84%. The company had revenue of $40.20 million during the quarter, compared to analyst estimates of $24.80 million. As a group, research analysts anticipate that Private Bancorp of America will post 5.36 earnings per share 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.