Private Bancorp of America, Inc. (OTCMKTS:PBAM) Short Interest Up 100.0% in August

Private Bancorp of America, Inc. (OTCMKTS:PBAM) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 600 shares, a growth of 100.0% from the August 15th total of 300 shares. Based on an average daily volume of 17,400 shares, the days-to-cover ratio is currently 0.0 days.

Private Bancorp of America Stock Performance

PBAM stock traded down $0.49 during midday trading on Friday, hitting $43.50. The company’s stock had a trading volume of 155 shares, compared to its average volume of 7,206. The stock’s 50-day moving average price is $42.01 and its 200 day moving average price is $37.17. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.24. Private Bancorp of America has a 1 year low of $31.10 and a 1 year high of $47.00. The stock has a market cap of $250.13 million, a price-to-earnings ratio of 6.32 and a beta of 0.20.

Private Bancorp of America (OTCMKTS:PBAM) last announced its earnings results on Friday, July 19th. The company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.01. The business had revenue of $40.20 million for the quarter, compared to analyst estimates of $24.80 million. Private Bancorp of America had a return on equity of 16.96% and a net margin of 21.84%. On average, equities analysts forecast that Private Bancorp of America will post 5.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Stephens raised their price target on Private Bancorp of America from $41.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd.

Private Bancorp of America Company Profile

Private Bancorp of America, Inc operates as the bank holding company for CalPrivate Bank that provides banking products and services to individuals and businesses in California. The company offers checking and savings, money market, certificate of deposit, sweep, zero balance, and individual retirement accounts; unsecured lines of credit, personal credit lines, and term loans; additional services, such as direct deposits, online banking, ATM and debit cards, credit cards, savings/line of credit overdraft protection, and safe deposit boxes; and certificate of deposit account registry services.