American Business Bank (OTCMKTS:AMBZ - Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 800 shares, an increase of 300.0% from the February 13th total of 200 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 19,000 shares, the days-to-cover ratio is presently 0.0 days.
American Business Bank Trading Up 1.1 %
OTCMKTS AMBZ traded up $0.49 on Friday, reaching $43.99. 697 shares of the stock were exchanged, compared to its average volume of 9,941. American Business Bank has a one year low of $29.75 and a one year high of $46.99. The firm has a market capitalization of $400.48 million, a PE ratio of 9.48 and a beta of 0.74. The company's 50-day simple moving average is $44.46 and its two-hundred day simple moving average is $41.77.
American Business Bank (OTCMKTS:AMBZ - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter.
American Business Bank Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Monday, February 24th. American Business Bank's dividend payout ratio is presently 21.55%.
American Business Bank Company Profile
(
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.
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