American Bank (OTCMKTS:AMBK) Shares Down 4.6% - Here's What Happened

Shares of American Bank Inc. (OTCMKTS:AMBK - Get Free Report) traded down 4.6% during mid-day trading on Monday . The company traded as low as $15.30 and last traded at $15.50. 8,100 shares traded hands during trading, an increase of 763% from the average session volume of 938 shares. The stock had previously closed at $16.25.

American Bank Trading Down 4.6%

The firm has a market capitalization of $101.37 million, a PE ratio of 8.76 and a beta of 0.01. The business has a 50 day moving average price of $15.10 and a 200-day moving average price of $14.93.

American Bank (OTCMKTS:AMBK - Get Free Report) last announced its earnings results on Monday, July 14th. The company reported $0.65 EPS for the quarter. The company had revenue of $8.67 million for the quarter.

American Bank Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 17th were given a $0.14 dividend. This represents a dividend yield of 377.0%. The ex-dividend date of this dividend was Monday, June 16th. American Bank's dividend payout ratio (DPR) is 31.64%.

American Bank Company Profile

American Bank Incorporated operates as the bank holding company for American Bank that provides various banking products and services to consumer, business, institutional, and governmental customers. It accepts a range of interest-bearing checking and money market accounts, savings accounts, certificates of deposit, and individual retirement accounts.

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