Private Bancorp of America, Inc. (OTCMKTS:PBAM) Sees Significant Growth in Short Interest

Private Bancorp of America, Inc. (OTCMKTS:PBAM - Get Free Report) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 1,500 shares, an increase of 50.0% from the February 29th total of 1,000 shares. Based on an average daily trading volume, of 7,200 shares, the short-interest ratio is currently 0.2 days.

Private Bancorp of America Trading Down 0.4 %

Shares of OTCMKTS:PBAM traded down $0.15 during trading on Friday, reaching $34.15. The stock had a trading volume of 1,900 shares, compared to its average volume of 3,167. The stock has a market cap of $195.34 million, a P/E ratio of 4.82 and a beta of 0.22. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. Private Bancorp of America has a fifty-two week low of $23.55 and a fifty-two week high of $36.90. The business has a fifty day moving average price of $35.22 and a 200-day moving average price of $34.06.

Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) last issued its earnings results on Tuesday, January 23rd. The company reported $1.36 earnings per share for the quarter, hitting the consensus estimate of $1.36. Private Bancorp of America had a return on equity of 20.38% and a net margin of 31.29%. The company had revenue of $35.31 million during the quarter, compared to the consensus estimate of $24.10 million. As a group, analysts anticipate that Private Bancorp of America will post 5.1 earnings per share for the current fiscal year.

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's personal banking services include personal checking and savings, money market, certificate of deposit, and retirement accounts; personal credit lines and term loans; additional services, such as direct deposits, online banking, ATMs/debit cards, credit cards, savings/line of credit overdraft protection, and safe deposit boxes; and certificate of deposit account registry services.