Private Bancorp of America, Inc. (OTCMKTS:PBAM - Get Free Report) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 200 shares, an increase of 100.0% from the April 30th total of 100 shares. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company's stock are sold short.
Analyst Ratings Changes
A number of research firms have recently commented on PBAM. Stephens raised shares of Private Bancorp of America to a "strong-buy" rating in a report on Thursday, May 1st. Piper Sandler dropped their target price on shares of 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.
View Our Latest Research Report on PBAM
Private Bancorp of America Price Performance
Shares of Private Bancorp of America stock traded up $0.00 during midday trading on Tuesday, hitting $55.00. 8,477 shares of the company traded hands, compared to its average volume of 3,343. The firm's fifty day moving average price is $53.92 and its 200-day moving average price is $55.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.03. Private Bancorp of America has a 12 month low of $34.55 and a 12 month high of $61.50. The stock has a market cap of $319.28 million, a price-to-earnings ratio of 8.93 and a beta of 0.27.
Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) last released 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 analyst estimates of $30.30 million. Private Bancorp of America had a net margin of 22.11% and a return on equity of 17.55%. As a group, sell-side analysts forecast that Private Bancorp of America will post 6.88 earnings per share for the current year.
About Private Bancorp of America
(
Get Free Report)
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.
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