Private Bancorp of America price target lowered to $78 from $80 at Piper Sandler

Piper Sandler lowered the firm’s price target on Private Bancorp of America (PBAM) to $78 from $80 and keeps an Overweight rating on the shares. The firm is also raising its 2025E EPS to $6.80 from $6.50 on a better net interest margin, while it conservatively trims its 2026 to $7.05 from $7.25 on higher NIE.