Brean starts Private Bancorp of America at Buy on peer-beating loan yields

As previously reported, Brean Capital initiated coverage of Private Bancorp of America (PBAM) with a Buy rating and $80 price target Private operates a relationship-based commercial bank in Southern California and the company’s loan yields are 100 basis points higher than comparable peers in each of the last two years, notes the analyst, who cites expectations for above peer net interest margin for the firm’s Buy rating.