Private Bancorp of America, Inc. (OTCMKTS:PBAM) Short Interest Up 50.0% in May

Private Bancorp of America, Inc. (OTCMKTS:PBAM) saw a large growth in short interest in 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. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is currently 0.1 days.

Private Bancorp of America Stock Down 0.3%

OTCMKTS PBAM traded down $0.16 on Tuesday, hitting $54.19. The stock had a trading volume of 914 shares, compared to its average volume of 3,142. The business’s fifty day moving average price is $54.13 and its 200 day moving average price is $55.72. The stock has a market cap of $314.57 million, a price-to-earnings ratio of 8.80 and a beta of 0.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.03. Private Bancorp of America has a 52-week low of $34.79 and a 52-week high of $61.50.

Private Bancorp of America (OTCMKTS:PBAM) last issued its earnings results on Monday, April 21st. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 17.55% and a net margin of 22.11%. Equities research analysts anticipate that Private Bancorp of America will post 6.88 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on PBAM shares. Piper Sandler dropped their target price on shares of Private Bancorp of America from $78.00 to $68.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Stephens raised shares of Private Bancorp of America to a “strong-buy” rating in a research report on Thursday, May 1st.

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 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.