Private Bancorp of America (OTCMKTS:PBAM) Announces Quarterly Earnings Results

Private Bancorp of America (OTCMKTS:PBAM) announced its quarterly earnings results on Friday. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.18, Zacks reports. The firm had revenue of $41.45 million for the quarter, compared to analyst estimates of $26.60 million. Private Bancorp of America had a net margin of 21.84% and a return on equity of 16.96%.

Private Bancorp of America Stock Up 4.8 %

Shares of OTCMKTS PBAM opened at $49.00 on Monday. The firm has a market capitalization of $281.80 million, a PE ratio of 7.12 and a beta of 0.20. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. Private Bancorp of America has a 1 year low of $31.95 and a 1 year high of $51.55. The firm’s 50-day moving average is $44.05 and its 200-day moving average is $39.00.

Analyst Upgrades and Downgrades

Separately, Stephens increased their target price on shares of Private Bancorp of America from $41.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd.

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.