Private Bancorp of America (OTCMKTS:PBAM) Sees Unusually-High Trading Volume – What’s Next?

Private Bancorp of America, Inc. (OTCMKTS:PBAM) shares saw unusually-high trading volume on Monday . Approximately 33,420 shares were traded during mid-day trading, an increase of 47% from the previous session’s volume of 22,682 shares.The stock last traded at $89.70 and had previously closed at $89.08.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. DA Davidson set a $105.00 price objective on shares of Private Bancorp of America in a research note on Monday, August 24th. Zacks Research downgraded Private Bancorp of America from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 19th. Finally, Piper Sandler increased their price target on Private Bancorp of America from $88.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.67.

Private Bancorp of America Trading Up 0.5%

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $512.84 million, a P/E ratio of 11.62 and a beta of 0.07. The firm’s 50-day simple moving average is $85.77 and its 200 day simple moving average is $76.72.

Private Bancorp of America (OTCMKTS:PBAM) last posted its quarterly earnings data on Monday, July 20th. The company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.27. The company had revenue of $44.38 million during the quarter, compared to analyst estimates of $34.47 million. Private Bancorp of America had a net margin of 25.45% and a return on equity of 16.85%. Equities research analysts anticipate that Private Bancorp of America, Inc. will post 8.52 EPS for the current fiscal year.

Private Bancorp of America Company Profile

Private Bancorp of America, Inc is a bank holding company headquartered in California. Through its banking operations, the company provides financial services to businesses, professionals, nonprofit organizations and individuals, with a focus on relationship-based community banking.

Its product offerings include commercial and industrial loans, commercial real estate financing, construction loans, lines of credit, residential real estate lending and a range of deposit accounts. The company also provides cash-management and other business banking services designed to support operating and treasury needs.

Private Bancorp of America has historically served clients in Southern California, particularly in the San Diego and Orange County markets.