American Business Bank (OTCMKTS:AMBZ) Sees Significant Drop in Short Interest

American Business Bank (OTCMKTS:AMBZ - Get Free Report) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 100 shares, a decrease of 66.7% from the March 31st total of 300 shares. Based on an average daily volume of 12,900 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company's stock are sold short.

American Business Bank Trading Up 0.4 %

Shares of OTCMKTS AMBZ opened at $41.89 on Friday. American Business Bank has a 12-month low of $29.75 and a 12-month high of $46.99. The stock has a market capitalization of $378.73 million, a PE ratio of 9.03 and a beta of 0.47. The stock's fifty day simple moving average is $43.46 and its two-hundred day simple moving average is $43.23.

American Business Bank (OTCMKTS:AMBZ - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.33 EPS for the quarter.

American Business Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a $0.25 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.00 annualized dividend and a dividend yield of 2.39%. American Business Bank's dividend payout ratio is presently 21.55%.

About American Business Bank

American Business Bank, a California-chartered bank, provides banking products and services to small and medium-sized firms, non-profits, business executives, and professionals in Southern California. The company offers credit and depository; treasury management; asset-based lending; SBA lending; international banking comprising money transfers, import and export commercial letters of credit, standby letters of credit, documentary and clean collections, and foreign currency exchange services; and consulting and referral services.

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