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

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

Private Bancorp of America Price Performance

Private Bancorp of America stock opened at $60.00 on Tuesday. Private Bancorp of America has a 52-week low of $32.37 and a 52-week high of $60.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $346.20 million, a price-to-earnings ratio of 9.74 and a beta of 0.14. The stock’s 50 day moving average price is $54.26 and its two-hundred day moving average price is $47.60.

Private Bancorp of America (OTCMKTS:PBAM) last announced its earnings results on Friday, January 17th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts predict that Private Bancorp of America will post 6.38 earnings per share for the current year.

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 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.