Private Bancorp of America (OTCMKTS:PBAM) Releases Earnings Results, Beats Expectations By $0.07 EPS

Private Bancorp of America (OTCMKTS:PBAM) released 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.

OTCMKTS PBAM traded up $0.25 during trading hours on Thursday, hitting $24.40. The company had a trading volume of 50,527 shares, compared to its average volume of 6,612. The company has a market cap of $136.88 million, a price-to-earnings ratio of 10.12 and a beta of 0.51. Private Bancorp of America has a fifty-two week low of $12.00 and a fifty-two week high of $25.25. The business has a fifty day moving average of $24.72.

A number of equities analysts have weighed in on the company. Stephens assumed coverage on 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. Zacks Investment Research cut Private Bancorp of America from a “buy” rating to a “hold” rating in a research note on Tuesday, June 29th.

About Private Bancorp of America

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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