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

Private Bancorp of America, Inc. (OTCMKTS:PBAM) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1 shares, a decrease of 100.0% from the April 30th total of 2,779 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 10,860 shares, the short-interest ratio is presently 0.0 days.

Private Bancorp of America Price Performance

Shares of OTCMKTS PBAM traded down $0.43 during trading on Thursday, hitting $73.00. The company had a trading volume of 2,154 shares, compared to its average volume of 6,173. The company has a market cap of $416.83 million, a P/E ratio of 10.14 and a beta of 0.08. Private Bancorp of America has a 52 week low of $53.25 and a 52 week high of $78.53. The business’s 50-day moving average is $71.26 and its 200 day moving average is $64.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.00 and a current ratio of 1.00.

Private Bancorp of America (OTCMKTS:PBAM) last posted its quarterly earnings results on Friday, April 17th. The company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.32. The company had revenue of $34.54 million for the quarter, compared to analysts’ expectations of $31.99 million. Private Bancorp of America had a return on equity of 16.38% and a net margin of 24.01%. Equities research analysts predict that Private Bancorp of America will post 8.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PBAM. Brean Capital began coverage on Private Bancorp of America in a research report on Thursday, April 16th. They issued a “buy” rating and a $80.00 target price for the company. 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 report on Monday, April 20th. Zacks Research raised Private Bancorp of America from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $88.00 price target (up from $77.00) on shares of Private Bancorp of America in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat.com, Private Bancorp of America currently has an average rating of “Buy” and a consensus target price of $86.33.

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.