Private Bancorp of America, Inc. (OTCMKTS:PBAM) Short Interest Down 100.0% in May

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

Private Bancorp of America Stock Performance

Shares of Private Bancorp of America stock remained flat at $72.70 on Friday. 7,407 shares of the stock were exchanged, compared to its average volume of 3,378. The firm has a market capitalization of $415.12 million, a price-to-earnings ratio of 10.10 and a beta of 0.08. Private Bancorp of America has a twelve month low of $53.25 and a twelve month high of $78.53. The stock’s fifty day simple moving average is $71.36 and its two-hundred day simple moving average is $64.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.00 and a quick ratio of 1.00.

Private Bancorp of America (OTCMKTS:PBAM) last announced its quarterly earnings data 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 net margin of 24.01% and a return on equity of 16.38%. The firm had revenue of $34.54 million during the quarter, compared to the consensus estimate of $31.99 million. Research analysts expect that Private Bancorp of America will post 8.21 EPS for the current year.

Analyst Upgrades and Downgrades

PBAM has been the subject of a number of recent research reports. DA Davidson increased their price target on shares of Private Bancorp of America from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Brean Capital began coverage on shares of Private Bancorp of America in a report on Thursday, April 16th. They issued a “buy” rating and a $80.00 target price for the company. 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 restated an “overweight” rating and issued a $88.00 price target (up from $77.00) on shares of Private Bancorp of America in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Private Bancorp of America has an average rating of “Buy” and a consensus target price of $86.33.

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.