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

Private Bancorp of America, Inc. (OTCMKTS:PBAM - Get Free Report) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 900 shares, a growth of 800.0% from the January 15th total of 100 shares. Based on an average daily trading volume, of 13,200 shares, the days-to-cover ratio is presently 0.1 days.

Private Bancorp of America Stock Performance

OTCMKTS:PBAM remained flat at $59.34 on Monday. The company's stock had a trading volume of 2 shares, compared to its average volume of 5,396. The firm's 50-day simple moving average is $57.68 and its 200-day simple moving average is $50.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $342.39 million, a P/E ratio of 9.63 and a beta of 0.14. Private Bancorp of America has a 52 week low of $32.37 and a 52 week high of $61.50.

Private Bancorp of America (OTCMKTS:PBAM - Get Free Report) last issued its earnings results 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 net margin of 22.11% and a return on equity of 17.55%. On average, research analysts forecast that Private Bancorp of America will post 6.88 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.