Private Bancorp of America, Inc. (OTCMKTS:PBAM) Short Interest Up 147.0% in January

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

Private Bancorp of America Trading Down 0.0%

Shares of OTCMKTS:PBAM opened at $59.99 on Friday. The company has a market capitalization of $343.74 million, a PE ratio of 8.66 and a beta of 0.10. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.04. Private Bancorp of America has a 12-month low of $50.60 and a 12-month high of $60.49. The business’s fifty day simple moving average is $57.55 and its 200-day simple moving average is $57.64.

Private Bancorp of America (OTCMKTS:PBAM) last issued its quarterly earnings data on Friday, January 16th. The company reported $1.71 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.08). Private Bancorp of America had a net margin of 23.51% and a return on equity of 16.42%. The company had revenue of $32.47 million for the quarter, compared to the consensus estimate of $32.58 million. As a group, equities research analysts predict that Private Bancorp of America will post 6.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on PBAM. Piper Sandler reduced their price objective on Private Bancorp of America from $78.00 to $77.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. DA Davidson set a $75.00 price target on Private Bancorp of America in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $76.00.

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.