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

by · The Cerbat Gem

Private Bancorp of America, Inc. (OTCMKTS:PBAM – Get Free Report) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1 shares, a decrease of 100.0% from the April 30th total of 2,779 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 10,860 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PBAM shares. Piper Sandler reissued an “overweight” rating and issued a $88.00 price target (up from $77.00) on shares of Private Bancorp of America in a research note on Monday, April 20th. DA Davidson raised their price objective on 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 initiated coverage on Private Bancorp of America in a research note on Thursday, April 16th. They set a “buy” rating and a $80.00 price objective on the stock. Finally, Zacks Research raised Private Bancorp of America from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat, Private Bancorp of America currently has a consensus rating of “Buy” and a consensus target price of $86.33.

Read Our Latest Stock Analysis on Private Bancorp of America

Private Bancorp of America Trading Down 0.6%

Private Bancorp of America stock traded down $0.43 during mid-day trading on Wednesday, hitting $73.00. 600 shares of the company’s stock were exchanged, compared to its average volume of 3,552. The firm has a market capitalization of $416.83 million, a P/E ratio of 10.14 and a beta of 0.08. Private Bancorp of America has a fifty-two week low of $53.25 and a fifty-two week high of $78.53. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.04. The company’s 50 day simple moving average is $71.26 and its 200-day simple moving average is $64.08.

Private Bancorp of America (OTCMKTS:PBAM – Get Free Report) last released its quarterly earnings results on Friday, April 17th. The company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.32. The company had revenue of $34.54 million during the quarter, compared to analysts’ expectations of $31.99 million. Private Bancorp of America had a net margin of 24.01% and a return on equity of 16.38%. On average, equities analysts anticipate that Private Bancorp of America will post 8.21 earnings per share for the current year.

Private Bancorp of America Company Profile

(Get Free Report)

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.

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