American Business Bank (OTCMKTS:AMBZ) Trading Down 0.4% – What’s Next?

Shares of American Business Bank (OTCMKTS:AMBZ) dropped 0.4% on Thursday . The company traded as low as $43.52 and last traded at $43.91. Approximately 2,805 shares changed hands during 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 has a market cap of $399.65 million, a PE ratio of 9.67 and a beta of 0.72. The stock has a 50 day simple moving average of $42.19 and a 200-day simple moving average of $37.15.

American Business Bank (OTCMKTS:AMBZ) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter. The firm had revenue of $33.28 million during the quarter.

American Business Bank Company Profile

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.