Private Bancorp of America (OTCMKTS:PBAM) Releases Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Private Bancorp of America (OTCMKTS:PBAM) announced its quarterly earnings data on Friday. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.18, Zacks reports. The business had revenue of $41.45 million during the quarter, compared to analyst estimates of $26.60 million. Private Bancorp of America had a return on equity of 16.96% and a net margin of 21.84%.

Private Bancorp of America Stock Up 4.8 %

Shares of PBAM opened at $49.00 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50-day simple moving average of $44.05 and a 200-day simple moving average of $39.00. Private Bancorp of America has a 52 week low of $31.95 and a 52 week high of $51.55. The firm has a market capitalization of $281.80 million, a P/E ratio of 7.12 and a beta of 0.20.

Analyst Upgrades and Downgrades

Separately, Stephens boosted their target price on shares of Private Bancorp of America from $41.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd.

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.