Private Bancorp of America, Inc. (OTCMKTS:PBAM) sees a significant drop in short-term interest

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Private Bancorp of America, Inc. (OTCMKTS: PBAM – Get Rating) saw a sharp decline in short-term interest in May. As of May 31, there was short interest totaling 900 shares, down 62.5% from the May 15 total of 2,400 shares. Based on an average trading volume of 4,900 shares, the day-to-cover ratio is currently 0.2 days.

Shares of PBAM opened at $29.30 on Friday. The stock has a 50-day moving average of $29.88 and a 200-day moving average of $29.28. Private Bancorp of America has a one-year low of $23.61 and a one-year high of $31.90. The stock has a market capitalization of $163.49 million, a P/E ratio of 7.23 and a beta of 0.24.

Private Bancorp of America (OTCMKTS:PBAM – Get Rating) last released its quarterly results on Friday, April 22. The company reported EPS of $1.13 for the quarter, beating analyst consensus estimates of $0.90 by $0.23. The company posted revenue of $20.25 million for the quarter, versus analyst estimates of $18.00 million. As a group, equity research analysts expect Private Bancorp of America to post EPS of 3.85 for the current fiscal year.

Private Bancorp of America Company Profile (Get an assessment)

Private Bancorp of America, Inc operates as a bank holding company for CalPrivate Bank which provides personal and business banking products and services in California. The Company’s personal banking services include personal checking and savings accounts, money market, certificates of deposit and retirement accounts; personal lines of credit and term loans; additional services, such as direct deposits, online banking, ATM/debit cards, credit cards, savings/line of credit overdraft protection and safe deposit boxes; and deposit account certificate registration services.

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