Private Bancorp of America price target raised to $53 from $41 at Stephens

Stephens raised the firm’s price target on Private Bancorp of America to $53 from $41 and keeps an Overweight rating on the shares. The firm cites an intact growth narrative and what it views as “a likely stable NIM” and solid relative profitability levels for its rating and increased target following the bank’s Q2 report.