American Business Bank (OTCMKTS:AMBZ) Sets New 1-Year High - Here's What Happened

Key Points

• 52-week high: American Business Bank's stock hit a new 52-week high of $71.89, trading up about 1.4% with roughly 1,690 shares changing hands (previous close $71.00).
• Valuation: The company has a market cap of $640.71M and a P/E of 12.28, with 50- and 200-day moving averages at $70.53 and $63.66 respectively.
• Operations & results: The Southern California commercial bank reported quarterly EPS of $1.87 on revenue of $44.7M and focuses on commercial real estate, construction, equipment financing and working capital lines for small and mid-sized businesses.

American Business Bank (OTCMKTS:AMBZ - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $71.89 and last traded at $71.89, with a volume of 1690 shares traded. The stock had previously closed at $71.00.

American Business Bank Trading Up 1.4%

The business has a 50 day moving average of $70.53 and a 200-day moving average of $63.66. The stock has a market cap of $640.71 million, a PE ratio of 12.28 and a beta of 0.27.

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

American Business Bank Company Profile

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.

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