Private Bancorp of America, Inc. (OTCMKTS:PBAM) Sees Significant Decrease in Short Interest

Private Bancorp of America, Inc. (OTCMKTS:PBAM) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 300 shares, a drop of 66.7% from the January 31st total of 900 shares. Based on an average daily volume of 7,600 shares, the short-interest ratio is presently 0.0 days.

Private Bancorp of America Stock Down 0.3 %

PBAM stock traded down $0.15 during mid-day trading on Friday, reaching $59.10. 3,299 shares of the company traded hands, compared to its average volume of 4,389. The stock has a market cap of $340.89 million, a price-to-earnings ratio of 9.59 and a beta of 0.14. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. Private Bancorp of America has a fifty-two week low of $32.37 and a fifty-two week high of $61.50. The firm’s 50 day moving average price is $58.56 and its 200 day moving average price is $51.10.

Private Bancorp of America (OTCMKTS:PBAM) last released its quarterly earnings results on Friday, January 17th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.22. Private Bancorp of America had a return on equity of 17.55% and a net margin of 22.11%. As a group, equities research analysts predict that Private Bancorp of America will post 6.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reissued an “overweight” rating and issued a $78.00 price objective (down from $80.00) on shares of Private Bancorp of America in a research report on Tuesday, January 21st.

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.