Private Bancorp of America’s (PBAM) “Overweight” Rating Reiterated at Piper Sandler

Piper Sandler reissued their overweight rating on shares of Private Bancorp of America (OTCMKTS:PBAM) in a research report report published on Tuesday morning,Benzinga reports. Piper Sandler currently has a $78.00 price objective on the stock, down from their previous price objective of $80.00.

Private Bancorp of America Stock Up 1.3 %

Shares of PBAM stock opened at $60.00 on Tuesday. The company has a market cap of $346.20 million, a price-to-earnings ratio of 9.74 and a beta of 0.14. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.03. The stock’s fifty day moving average price is $54.26 and its 200 day moving average price is $47.60. Private Bancorp of America has a 1-year low of $32.37 and a 1-year high of $60.00.

Private Bancorp of America (OTCMKTS:PBAM) last released its earnings results on Friday, January 17th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.22. Private Bancorp of America had a return on equity of 17.55% and a net margin of 22.11%. On average, research analysts expect that Private Bancorp of America will post 6.38 earnings per share for the current fiscal 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.