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

American Business Bank (OTCMKTS:AMBZ - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 300 shares, a growth of 200.0% from the March 15th total of 100 shares. Based on an average daily trading volume, of 10,100 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

American Business Bank Stock Down 0.1 %

Shares of OTCMKTS:AMBZ traded down $0.05 during midday trading on Friday, reaching $41.52. 353 shares of the company traded hands, compared to its average volume of 8,526. American Business Bank has a 12 month low of $29.75 and a 12 month high of $46.99. The firm's fifty day moving average price is $43.92 and its two-hundred day moving average price is $43.06. The firm has a market capitalization of $375.38 million, a price-to-earnings ratio of 8.95 and a beta of 0.47.

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

American Business Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.41%. 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.