Short Interest in Private Bancorp of America, Inc. (OTCMKTS:PBAM) Expands By 79.8%

Private Bancorp of America, Inc. (OTCMKTS:PBAM – Get Free Report) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 2,779 shares, a growth of 79.8% from the April 15th total of 1,546 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 16,068 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PBAM shares. Piper Sandler restated an “overweight” rating and set a $88.00 price objective (up from $77.00) on shares of Private Bancorp of America in a research report on Monday, April 20th. Brean Capital started coverage on Private Bancorp of America in a research report on Thursday, April 16th. They set a “buy” rating and a $80.00 price objective on the stock. Zacks Research upgraded Private Bancorp of America from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Finally, DA Davidson upped their price target on Private Bancorp of America from $80.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $86.33.

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Private Bancorp of America Stock Performance

OTCMKTS PBAM opened at $73.74 on Monday. The business’s 50-day moving average price is $70.28 and its two-hundred day moving average price is $63.18. Private Bancorp of America has a 12 month low of $53.25 and a 12 month high of $78.53. The firm has a market capitalization of $421.79 million, a PE ratio of 10.24 and a beta of 0.08. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.04.

Private Bancorp of America (OTCMKTS:PBAM – Get Free Report) last released its quarterly earnings results on Friday, April 17th. The company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.32. Private Bancorp of America had a return on equity of 16.38% and a net margin of 24.01%.The firm had revenue of $34.54 million for the quarter, compared to analyst estimates of $31.99 million. On average, analysts expect that Private Bancorp of America will post 8.21 EPS for the current year.

Private Bancorp of America Company Profile

(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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