Private Bancorp of America (PBAM) Projected to Post Quarterly Earnings on Friday

Private Bancorp of America (OTCMKTS:PBAM) will likely be posting its quarterly earnings results on Friday, April 18th. Analysts expect Private Bancorp of America to post earnings of $1.66 per share for the quarter.

Private Bancorp of America (OTCMKTS:PBAM) last posted its quarterly earnings results on Friday, January 17th. The company reported $1.82 earnings per share for the quarter, beating 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, analysts expect Private Bancorp of America to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Private Bancorp of America Trading Up 0.9 %

OTCMKTS:PBAM opened at $51.97 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.03. Private Bancorp of America has a 1 year low of $33.10 and a 1 year high of $61.50. The stock has a market cap of $300.85 million, a P/E ratio of 8.44 and a beta of 0.20. The stock has a 50-day simple moving average of $56.13 and a 200-day simple moving average of $53.75.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reiterated an “overweight” rating and issued a $78.00 price target (down from $80.00) on shares of Private Bancorp of America in a research note on Tuesday, January 21st.

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.