American Bank (OTCMKTS:AMBK) Stock Price Up 0.6% - Here's What Happened

Key Points

• American Bank's stock price rose by 0.6%, trading at $15.85 with a significant increase in trading volume, surpassing the average by 265%.
• The bank recently reported earnings of $0.65 per share with revenues of $8.67 million for the last quarter.
• American Bank has announced a dividend of $0.14, with a high yield of 377.0% and a payout ratio of 31.64%.

Shares of American Bank Inc. (OTCMKTS:AMBK - Get Free Report) shot up 0.6% on Friday . The stock traded as high as $15.85 and last traded at $15.85. 2,707 shares were traded during trading, an increase of 265% from the average session volume of 741 shares. The stock had previously closed at $15.75.

American Bank Trading Down 0.3%

The firm has a market capitalization of $103.33 million, a P/E ratio of 8.93 and a beta of 0.02. The firm has a 50-day moving average of $15.47 and a two-hundred day moving average of $15.02.

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

American Bank Dividend Announcement

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

About American Bank

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.