Short Interest in Private Bancorp of America, Inc. (OTCMKTS:PBAM) Expands By 50.0%

Private Bancorp of America, Inc. (OTCMKTS:PBAM) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 300 shares, an increase of 50.0% from the May 15th total of 200 shares. Based on an average daily trading volume, of 3,900 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Private Bancorp of America Stock Down 0.5%

OTCMKTS PBAM traded down $0.29 on Monday, reaching $54.35. The company had a trading volume of 1,078 shares, compared to its average volume of 3,165. Private Bancorp of America has a 1 year low of $34.79 and a 1 year high of $61.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $315.50 million, a PE ratio of 8.82 and a beta of 0.29. The firm has a 50-day moving average of $54.08 and a 200-day moving average of $55.69.

Private Bancorp of America (OTCMKTS:PBAM) last released its quarterly earnings results on Monday, April 21st. The company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.14. Private Bancorp of America had a return on equity of 17.55% and a net margin of 22.11%. The company had revenue of $29.35 million for the quarter, compared to analysts’ expectations of $30.30 million. On average, equities research analysts anticipate that Private Bancorp of America will post 6.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Stephens upgraded shares of Private Bancorp of America to a “strong-buy” rating in a report on Thursday, May 1st. Piper Sandler decreased their target price on Private Bancorp of America from $78.00 to $68.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd.

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.