Short Interest in Private Bancorp of America, Inc. (OTCMKTS:PBAM) Decreases By 66.7%

Private Bancorp of America, Inc. (OTCMKTS:PBAM - Get Free Report) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 100 shares, a decrease of 66.7% from the September 30th total of 300 shares. Based on an average daily volume of 3,300 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Stephens increased their price target on shares of Private Bancorp of America from $41.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday, July 23rd.

Private Bancorp of America Stock Performance

PBAM stock remained flat at $49.00 during mid-day trading on Friday. The company's stock had a trading volume of 542 shares, compared to its average volume of 6,796. The company has a fifty day moving average of $44.67 and a two-hundred day moving average of $39.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $281.80 million, a P/E ratio of 7.12 and a beta of 0.20. Private Bancorp of America has a 52 week low of $32.00 and a 52 week high of $51.55.

Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) last announced its quarterly earnings data on Friday, October 18th. The company reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.18. The business had revenue of $41.45 million for the quarter, compared to analyst estimates of $26.60 million. Private Bancorp of America had a net margin of 21.37% and a return on equity of 17.00%. As a group, analysts predict that Private Bancorp of America will post 5.63 earnings per share for the current year.

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.