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American Business Bank (OTCMKTS:AMBZ) Hits New 12-Month High - Here's Why

American Business Bank logo with Finance background
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Key Points

  • 52-week high: American Business Bank (AMBZ) reached a new 52-week high, trading as high as $72.69 and last at $72.49 on a volume of 4,690 shares.
  • Recent results and valuation: The bank reported quarterly EPS of $1.87 on $44.7 million of revenue, and currently has a market cap of $645.07 million with a P/E of 12.37 and a beta of 0.27.
  • Business focus: AMB is a Southern California commercial bank specializing in commercial real estate, construction and land development loans, equipment financing, and working capital lines for small- and mid-sized businesses.
  • MarketBeat previews the top five stocks to own by May 1st.

American Business Bank (OTCMKTS:AMBZ - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $72.69 and last traded at $72.49, with a volume of 4690 shares traded. The stock had previously closed at $72.48.

American Business Bank Stock Performance

The firm has a market cap of $645.07 million, a P/E ratio of 12.37 and a beta of 0.27. The company has a 50-day moving average of $70.89 and a 200 day moving average of $64.33.

American Business Bank (OTCMKTS:AMBZ - Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter. The business had revenue of $44.70 million during the quarter.

About American Business Bank

(Get Free Report)

American Business Bank OTCMKTS: AMBZ is a Southern California–based commercial bank that provides a broad range of financial services to small and mid-sized businesses. Headquartered in Irvine, California, the bank focuses on building long-term relationships with clients in industries such as real estate development, professional services, healthcare, technology, and manufacturing. Its regional footprint includes full-service offices across Los Angeles, Orange County, the Inland Empire, North County San Diego, and the Coachella Valley.

The bank’s core offerings encompass commercial real estate financing, construction and land development loans, equipment and vehicle financing, and working capital lines of credit.

Further Reading

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