Stephens analyst Andrew Terrell raised the firm’s price target on Private Bancorp of America to $38 from $30 and keeps an Overweight rating on the shares after the company reported “solid” Q2 results. The firm suspects loan growth moderates from Q2 levels, but believes the company “remains cautiously optimistic around deposit generation abilities,” the analyst tells investors in a post-earnings note.
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Read More on PBAM:
- Private Bancorp of America price target raised to $45 from $39 at DA Davidson
- Private Bancorp of America, Inc. Announces Strong Net Income and Earnings Per Share for Second Quarter 2023
- Is PBAM a Buy, Before Earnings?
- Private Bancorp assumed with Overweight, $35 target at Piper Sandler
- Private Bancorp of America assumed with an Overweight at Piper Sandler
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