Private Bancorp of America price target raised to $39 from $38 at Stephens

Stephens analyst Andrew Terrell raised the firm’s price target on Private Bancorp of America to $39 from $38 and keeps an Overweight rating on the shares following Q3 results “highlighted by a solid top-line” net interest income beat, relatively in-line fee income, and modest expense beat. The firm is optimistic that loan growth can continue in the low-double-digit range moving forward, the analyst tells investors in a post-earnings note.