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

Private Bancorp of America, Inc. (OTCMKTS:PBAM) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 326 shares, an increase of 147.0% from the December 31st total of 132 shares. Based on an average daily trading volume, of 18,599 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 18,599 shares, the short-interest ratio is currently 0.0 days.

Private Bancorp of America Trading Up 0.0%

PBAM stock opened at $60.00 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.01 and a quick ratio of 1.01. Private Bancorp of America has a 1-year low of $50.60 and a 1-year high of $60.45. The business has a 50 day simple moving average of $57.63 and a two-hundred day simple moving average of $57.66. The company has a market capitalization of $343.80 million, a price-to-earnings ratio of 8.66 and a beta of 0.10.

Private Bancorp of America (OTCMKTS:PBAM) last released its earnings results on Friday, January 16th. The company reported $1.71 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.08). The company had revenue of $32.47 million during the quarter, compared to analysts’ expectations of $32.58 million. Private Bancorp of America had a return on equity of 16.42% and a net margin of 23.51%. Research analysts anticipate that Private Bancorp of America will post 6.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on PBAM shares. DA Davidson set a $75.00 target price on shares of Private Bancorp of America in a research note on Tuesday, October 21st. Piper Sandler decreased their price objective on shares of Private Bancorp of America from $78.00 to $77.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $76.00.

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.