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

Private Bancorp of America (OTCMKTS:PBAM) had its price objective lifted by equities research analysts at Stephens from $41.00 to $53.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Stephens’ target price would indicate a potential upside of 22.12% from the stock’s current price.

Private Bancorp of America Price Performance

PBAM opened at $43.40 on Tuesday. Private Bancorp of America has a fifty-two week low of $31.10 and a fifty-two week high of $45.50. The firm has a 50-day moving average of $35.82 and a 200 day moving average of $35.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $249.55 million, a P/E ratio of 6.31 and a beta of 0.21.

Private Bancorp of America (OTCMKTS:PBAM) last posted its quarterly earnings data on Friday, July 19th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.01. The company 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 21.84% and a return on equity of 17.34%. On average, research analysts expect that Private Bancorp of America will post 5.27 EPS for the current 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.