Private Bancorp of America, Inc. (OTCMKTS:PBAM) Short Interest Down 66.7% in February

Private Bancorp of America, Inc. (OTCMKTS:PBAM) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 300 shares, a decline of 66.7% from the January 31st total of 900 shares. Based on an average daily volume of 7,600 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler restated an “overweight” rating and set a $78.00 target price (down from $80.00) on shares of Private Bancorp of America in a research report on Tuesday, January 21st.

Private Bancorp of America Price Performance

Shares of Private Bancorp of America stock traded up $0.25 during trading on Friday, hitting $59.25. 300 shares of the company were exchanged, compared to its average volume of 4,419. Private Bancorp of America has a fifty-two week low of $32.37 and a fifty-two week high of $61.50. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $58.52 and a 200 day moving average price of $51.04. The stock has a market capitalization of $341.64 million, a price-to-earnings ratio of 9.62 and a beta of 0.14.

Private Bancorp of America (OTCMKTS:PBAM) last released its earnings results on Friday, January 17th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.22. Private Bancorp of America had a net margin of 22.11% and a return on equity of 17.55%. On average, equities analysts expect that Private Bancorp of America will post 6.88 earnings per share for the current fiscal year.

About Private Bancorp of America

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.