Wall Street Analysts See a 29.22% Upside in Private Bancorp of America (PBAM): Can the Stock Really Move This High?

Group 1: Stock Performance and Price Targets - Shares of Private Bancorp of America, Inc. (PBAM) have increased by 1.6% over the past four weeks, closing at $57.52, with a mean price target of $74.33 indicating a potential upside of 29.2% [1] - The average price targets range from a low of $70.00 to a high of $78.00, with a standard deviation of $4.04, suggesting a potential increase of 21.7% to 35.6% from the current price level [2] Group 2: Analyst Consensus and Earnings Estimates - Analysts show strong agreement in revising PBAM's earnings estimates higher, which is a positive indicator for potential stock upside, as trends in earnings estimate revisions correlate with near-term stock price movements [4][9] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 0.8%, with one estimate moving higher and no negative revisions [10] Group 3: Zacks Rank and Investment Implications - PBAM currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating a strong potential upside in the near term [11] - While the consensus price target may not be a reliable indicator of the extent of PBAM's gains, it does provide a directional guide for price movement [12]