American Bank (OTCMKTS:AMBK) Stock Price Up 0.3% - Should You Buy?

Key Points

• American Bank's stock price increased by 0.3% to $15.60, with trading volume rising 62% above the average daily volume.
• The bank reported quarterly earnings of $0.65 EPS and revenue of $8.67 million, showcasing its financial performance.
• American Bank declared a dividend of $0.14 per share, resulting in a notable 352.0% dividend yield, with a payout ratio of 31.64%.

American Bank Inc. (OTCMKTS:AMBK - Get Free Report)'s stock price rose 0.3% during mid-day trading on Thursday . The stock traded as high as $15.60 and last traded at $15.60. Approximately 1,002 shares changed hands during trading, an increase of 62% from the average daily volume of 619 shares. The stock had previously closed at $15.55.

American Bank Trading Up 0.3%

The firm's fifty day moving average price is $15.78 and its 200-day moving average price is $15.16. The company has a market cap of $102.02 million, a P/E ratio of 8.81 and a beta of 0.02.

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

American Bank Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 16th were given a dividend of $0.14 per share. This represents a dividend yield of 352.0%. The ex-dividend date was Monday, September 15th. American Bank's payout ratio 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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