Private Bancorp of America, Inc. (OTCMKTS:PBAM) Short Interest Update

Private Bancorp of America, Inc. (OTCMKTS:PBAM - Get Free Report) was the target of a significant drop in short interest in 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 trading volume, of 7,600 shares, the days-to-cover ratio is presently 0.0 days.

Private Bancorp of America Stock Performance

Shares of PBAM stock traded down $0.07 during trading on Tuesday, reaching $58.33. The company had a trading volume of 6,838 shares, compared to its average volume of 4,444. The firm's 50 day simple moving average is $58.61 and its two-hundred day simple moving average is $51.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.03. Private Bancorp of America has a one year low of $32.37 and a one year high of $61.50. The company has a market capitalization of $336.45 million, a PE ratio of 9.47 and a beta of 0.14.

Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) last released its quarterly earnings data 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%. Sell-side analysts forecast that Private Bancorp of America will post 6.88 earnings per share for the current year.

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Analyst Upgrades and Downgrades

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

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.