Private Bancorp of America, Inc. (OTCMKTS:PBAM) to Post Q2 2023 Earnings of $2.05 Per Share, DA Davidson Forecasts

Posted by on Jun 24th, 2023

Private Bancorp of America, Inc. (OTCMKTS:PBAM – Get Rating) – Analysts at DA Davidson issued their Q2 2023 earnings per share (EPS) estimates for shares of Private Bancorp of America in a research report issued to clients and investors on Wednesday, June 21st. DA Davidson analyst G. Tenner expects that the company will post earnings per share of $2.05 for the quarter. DA Davidson currently has a “Buy” rating and a $39.00 price target on the stock. The consensus estimate for Private Bancorp of America’s current full-year earnings is $4.72 per share. DA Davidson also issued estimates for Private Bancorp of America’s FY2023 earnings at $5.72 EPS and FY2024 earnings at $4.12 EPS.

Private Bancorp of America Price Performance

Shares of PBAM opened at $27.85 on Friday. The company has a market capitalization of $157.91 million, a PE ratio of 5.84 and a beta of 0.27. Private Bancorp of America has a 12 month low of $23.55 and a 12 month high of $35.00. The stock’s 50-day moving average price is $27.01 and its two-hundred day moving average price is $29.86. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.26.

Private Bancorp of America (OTCMKTS:PBAM – Get Rating) last announced its earnings results on Friday, April 21st. The company reported $1.57 EPS for the quarter. The firm had revenue of $23.63 million for the quarter. Private Bancorp of America had a return on equity of 19.27% and a net margin of 26.99%.

Private Bancorp of America Company Profile

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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's personal banking services include personal checking and savings, money market, certificate of deposit, and retirement accounts; personal credit lines and term loans; additional services, such as direct deposits, online banking, ATMs/debit cards, credit cards, savings/line of credit overdraft protection, and safe deposit boxes; and certificate of deposit account registry services.

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