Short Interest in Private Bancorp of America, Inc. (OTCMKTS:PBAM) Grows By 600.0%

Private Bancorp of America, Inc. (OTCMKTS:PBAM) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 700 shares, an increase of 600.0% from the November 30th total of 100 shares. Based on an average daily volume of 11,100 shares, the days-to-cover ratio is currently 0.1 days.

Private Bancorp of America Trading Up 0.5 %

Shares of OTCMKTS:PBAM traded up $0.30 during trading hours on Thursday, hitting $57.30. 4,701 shares of the company’s stock traded hands, compared to its average volume of 6,364. The business has a fifty day moving average price of $50.91 and a 200-day moving average price of $44.53. The firm has a market capitalization of $329.76 million, a P/E ratio of 10.05 and a beta of 0.19. 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 1 year low of $32.37 and a 1 year high of $58.23.

Private Bancorp of America (OTCMKTS:PBAM) last released its quarterly earnings data on Friday, October 18th. The company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.18. Private Bancorp of America had a return on equity of 16.57% and a net margin of 21.37%. The firm had revenue of $41.45 million during the quarter, compared to the consensus estimate of $26.60 million. Equities analysts expect that Private Bancorp of America will post 5.89 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.