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

Private Bancorp of America, Inc. (OTCMKTS:PBAM - Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 2,000 shares, a growth of 33.3% from the March 15th total of 1,500 shares. Based on an average daily volume of 5,000 shares, the days-to-cover ratio is currently 0.4 days.

Private Bancorp of America Stock Performance

Shares of PBAM remained flat at $34.15 during trading hours on Friday. 1,600 shares of the stock were exchanged, compared to its average volume of 1,371. The stock has a market capitalization of $195.34 million, a price-to-earnings ratio of 4.82 and a beta of 0.22. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $34.95 and a two-hundred day moving average of $34.20. Private Bancorp of America has a 1 year low of $23.55 and a 1 year high of $36.90.

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