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

Private Bancorp of America, Inc. (OTCMKTS:PBAM) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 300 shares, a decline of 50.0% from the August 31st total of 600 shares. Based on an average daily volume of 8,000 shares, the days-to-cover ratio is currently 0.0 days.

Private Bancorp of America Stock Up 0.2 %

Shares of PBAM stock traded up $0.11 during trading hours on Friday, reaching $44.84. The company had a trading volume of 301 shares, compared to its average volume of 5,192. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.04. Private Bancorp of America has a twelve month low of $31.10 and a twelve month high of $47.00. The company has a market capitalization of $257.83 million, a P/E ratio of 7.94 and a beta of 0.20. The stock’s fifty day simple moving average is $43.31 and its 200 day simple moving average is $37.76.

Private Bancorp of America (OTCMKTS:PBAM) last released its quarterly earnings results on Friday, July 19th. The company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.01. The firm had revenue of $40.20 million during the quarter, compared to analysts’ expectations of $24.80 million. Private Bancorp of America had a return on equity of 16.96% and a net margin of 21.84%. As a group, sell-side analysts expect that Private Bancorp of America will post 5.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stephens increased their price objective on shares of Private Bancorp of America from $41.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd.

Private Bancorp of America Company Profile

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.