Private Bancorp of America, Inc. (OTCMKTS:PBAM) Short Interest Update

Private Bancorp of America, Inc. (OTCMKTS:PBAM - Get Free Report) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 300 shares, a growth of 50.0% from the May 15th total of 200 shares. Based on an average trading volume of 3,900 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company's shares are sold short.

Analysts Set New Price Targets

Several brokerages have commented on PBAM. Stephens upgraded shares of Private Bancorp of America to a "strong-buy" rating in a research report on Thursday, May 1st. Piper Sandler lowered their price objective on shares of Private Bancorp of America from $78.00 to $68.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd.

Private Bancorp of America Stock Down 0.5%

Shares of OTCMKTS PBAM traded down $0.29 during mid-day trading on Thursday, hitting $53.90. The company had a trading volume of 453 shares, compared to its average volume of 1,427. The company has a market capitalization of $312.89 million, a PE ratio of 8.17 and a beta of 0.29. The firm has a 50-day simple moving average of $54.18 and a two-hundred day simple moving average of $55.78. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.07. Private Bancorp of America has a one year low of $34.79 and a one year high of $61.50.

Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.14. The company had revenue of $29.35 million during the quarter, compared to analysts' expectations of $30.30 million. Private Bancorp of America had a return on equity of 17.54% and a net margin of 23.11%. On average, equities analysts expect that Private Bancorp of America will post 6.88 EPS for the current 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 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.