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

Private Bancorp of America, Inc. (OTCMKTS:PBAM) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 1,100 shares, a decrease of 45.0% from the March 31st total of 2,000 shares. Based on an average daily volume of 2,900 shares, the short-interest ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Stephens reaffirmed an “overweight” rating and set a $41.00 price target on shares of Private Bancorp of America in a research report on Tuesday.

Private Bancorp of America Stock Performance

PBAM stock traded up $0.28 during mid-day trading on Friday, hitting $34.28. The company had a trading volume of 592 shares, compared to its average volume of 5,846. Private Bancorp of America has a 12 month low of $23.65 and a 12 month high of $36.90. The stock’s fifty day moving average price is $34.57 and its two-hundred day moving average price is $34.33. The firm has a market cap of $196.08 million, a PE ratio of 4.98 and a beta of 0.22.

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.