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

American Business Bank logo with Finance background

American Business Bank (OTCMKTS:AMBZ - Get Free Report) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 300 shares, a growth of 200.0% from the March 15th total of 100 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 10,100 shares, the days-to-cover ratio is presently 0.0 days.

American Business Bank Stock Performance

OTCMKTS:AMBZ traded down $0.05 on Friday, reaching $41.52. The company's stock had a trading volume of 353 shares, compared to its average volume of 8,526. American Business Bank has a 1-year low of $29.75 and a 1-year high of $46.99. The business's 50-day moving average price is $43.92 and its two-hundred day moving average price is $43.10. The firm has a market cap of $375.38 million, a PE ratio of 8.95 and a beta of 0.47.

American Business Bank (OTCMKTS:AMBZ - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.33 EPS for the quarter.

American Business Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 2.41%. American Business Bank's payout ratio is currently 21.55%.

About American Business Bank

(Get Free Report)

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.

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