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American Business Bank (OTCMKTS:AMBZ) Shares Down 0.4% - Time to Sell?

American Business Bank logo with Finance background

American Business Bank (OTCMKTS:AMBZ - Get Free Report)'s share price was down 0.4% during mid-day trading on Thursday . The stock traded as low as $43.52 and last traded at $43.91. Approximately 2,805 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 6,959 shares. The stock had previously closed at $44.10.

American Business Bank Price Performance

The firm's 50 day moving average is $42.19 and its 200 day moving average is $37.15. The company has a market capitalization of $399.65 million, a PE ratio of 9.67 and a beta of 0.72.

American Business Bank (OTCMKTS:AMBZ - Get Free Report) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter. The business had revenue of $33.28 million for the quarter.

About American Business Bank

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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