Piper Sandler raised the firm’s price target on Private Bancorp of America to $49 from $45 and keeps an Overweight rating on the shares following quarterly results. The firm highlights more resilient net interest margin while L&D growth trajectory remains strong.
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Read More on PBAM:
- Private Bancorp of America price target raised to $39 from $38 at Stephens
- Private Bancorp of America, Inc. Announces Strong Net Income and Earnings Per Share and Exceeds $2 Billion in Assets in the Third Quarter 2023
- Private Bancorp of America reports Q3 EPS $1.47 vs. $1.12 last year
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