Private Bancorp of America (OTCMKTS:PBAM) Stock Price Increases by 0.1% - What's Next?

On Wednesday, Private Bancorp of America, Inc. (OTCMKTS:PBAM) saw a slight rise in its stock price, increasing by 0.1%. The shares climbed as high as $59.50 during the trading session, and the last recorded price was $59.40. In total, around 700 shares exchanged hands, marking a significant 86% drop from the usual daily trading volume of 5,061 shares. The previous closing price for the stock was $59.35.

Analyst Insights

In an analysis from Piper Sandler, the firm maintained an "overweight" rating for Private Bancorp of America. They set a target price of $78.00 for the stock, a minor adjustment down from their previous target of $80.00, in a research note released on January 21st.

Performance Overview

Private Bancorp of America currently has a market capitalization of approximately $342.74 million. The price-to-earnings (P/E) ratio stands at 9.64, and the beta is rather low at 0.14, indicating less volatility compared to the market. The 50-day moving average price for the stock is $58.05, while the 200-day moving average is $50.34. Additionally, the debt-to-equity ratio is at 0.13, and both the quick ratio and current ratio are 1.03, reflecting a strong liquidity position for the company.

The latest earnings results for Private Bancorp of America were released on January 17th. The company reported earnings per share (EPS) of $1.82 for the quarter, surpassing the consensus estimate of $1.60 by $0.22. The return on equity for the company stands at 17.55%, while the net profit margin is 22.11%. Analysts forecast that the company's EPS will reach 6.88 for the current year.

Company Profile

Private Bancorp of America, Inc. functions as the bank holding company for CalPrivate Bank. It offers a full range of banking products and services to both individuals and businesses throughout California. The services include checking and savings accounts, money market accounts, certificates of deposit, and retirement accounts. Furthermore, the bank provides unsecured lines of credit, personal credit lines, loans, direct deposits, online banking, ATM services, debit and credit cards, overdraft protections, safe deposit boxes, and certificate of deposit account registry services.

Investment Considerations

If you're considering an investment in Private Bancorp of America, it's essential to conduct thorough research and stay updated with the latest financial news. While the current rating among analysts is "Buy," it's important to note that there may be other investment opportunities that analysts believe are more promising.

Private, Bancorp, Stock