FY2024 EPS Estimates for OTCMKTS:PBAM Raised by DA Davidson

Private Bancorp of America, Inc. (OTCMKTS:PBAM) – Analysts at DA Davidson lifted their FY2024 earnings per share estimates for shares of Private Bancorp of America in a research note issued to investors on Wednesday, October 23rd. DA Davidson analyst G. Tenner now anticipates that the company will earn $5.92 per share for the year, up from their prior estimate of $5.51. The consensus estimate for Private Bancorp of America’s current full-year earnings is $5.63 per share.

Separately, Stephens raised their price objective on Private Bancorp of America from $41.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd.

Private Bancorp of America Price Performance

Shares of Private Bancorp of America stock opened at $49.00 on Friday. The stock has a market capitalization of $281.80 million, a price-to-earnings ratio of 7.12 and a beta of 0.20. The company has a fifty day moving average of $44.67 and a 200-day moving average of $39.49. Private Bancorp of America has a 52-week low of $32.00 and a 52-week high of $51.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.04.

Private Bancorp of America (OTCMKTS:PBAM) last released its earnings results on Friday, October 18th. The company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.18. The company had revenue of $41.45 million during the quarter, compared to the consensus estimate of $26.60 million. Private Bancorp of America had a return on equity of 17.00% and a net margin of 21.37%.

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.