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

Private Bancorp of America, Inc. (OTCMKTS:PBAM) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,100 shares, a decrease of 45.0% from the March 31st total of 2,000 shares. Based on an average daily volume of 2,900 shares, the short-interest ratio is presently 0.4 days.

Private Bancorp of America Trading Up 0.8 %

PBAM stock traded up $0.28 during trading on Friday, hitting $34.28. The company had a trading volume of 592 shares, compared to its average volume of 5,846. The company has a fifty day moving average price of $34.57 and a two-hundred day moving average price of $34.33. Private Bancorp of America has a fifty-two week low of $23.65 and a fifty-two week high of $36.90. The company has a market cap of $196.08 million, a P/E ratio of 4.98 and a beta of 0.22.

Analyst Upgrades and Downgrades

Separately, Stephens restated an “overweight” rating and set a $41.00 price target on shares of Private Bancorp of America in a report on Tuesday.

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.