American Business Bank (OTCMKTS:AMBZ) Sees Significant Growth in Short Interest

American Business Bank (OTCMKTS:AMBZ - Get Free Report) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 3,400 shares, an increase of 3,300.0% from the May 15th total of 100 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 10,900 shares, the short-interest ratio is presently 0.3 days.

American Business Bank Stock Down 0.5%

AMBZ traded down $0.20 during trading on Friday, hitting $42.48. 1,743 shares of the stock were exchanged, compared to its average volume of 8,966. The firm has a market capitalization of $380.58 million, a P/E ratio of 9.16 and a beta of 0.42. The stock has a fifty day moving average price of $42.36 and a two-hundred day moving average price of $43.60. American Business Bank has a 1-year low of $29.75 and a 1-year high of $46.99.

American Business Bank (OTCMKTS:AMBZ - Get Free Report) last released its earnings results on Monday, April 28th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter. The company had revenue of $36.33 million during the quarter.

American Business Bank Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Thursday, May 8th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, May 7th. This represents a yield of 2.33%. American Business Bank's payout ratio is 20.92%.

About American Business Bank

American Business Bank, a California-chartered bank, provides banking products and services to small and medium-sized firms, non-profits, business executives, and professionals in Southern California. The company offers credit and depository; treasury management; asset-based lending; SBA lending; international banking comprising money transfers, import and export commercial letters of credit, standby letters of credit, documentary and clean collections, and foreign currency exchange services; and consulting and referral services.