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

Private Bancorp of America (OTCMKTS:PBAM) posted its quarterly earnings results on Tuesday. The company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.07, MarketWatch Earnings reports.

PBAM traded up $0.25 during trading on Thursday, hitting $24.40. The company had a trading volume of 50,527 shares, compared to its average volume of 6,612. The stock has a market capitalization of $136.88 million, a P/E ratio of 10.12 and a beta of 0.51. Private Bancorp of America has a one year low of $12.00 and a one year high of $25.25. The stock has a 50-day moving average of $24.72.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Private Bancorp of America from a “buy” rating to a “hold” rating in a report on Tuesday, June 29th. Stephens assumed coverage on shares of Private Bancorp of America in a report on Wednesday, July 7th. They issued an “overweight” rating and a $29.00 price target for the company.

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's personal banking services include personal checking and savings, certificate of deposit, and retirement accounts; additional services, such as direct deposits, online banking, ATMs/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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Earnings History for Private Bancorp of America (OTCMKTS:PBAM)

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