American Business Bank (OTCMKTS:AMBZ) Short Interest Up 78.3% in July

Key Points

• American Business Bank's short interest increased by 78.3% in July, rising from 2,300 shares to 4,100 shares, resulting in a short-interest ratio of 0.8 days.
• The bank reported an earnings per share (EPS) of $1.42 for the last quarter, with total revenue of $38.22 million.
• A dividend of $0.25 per share has been announced, providing a dividend yield of 204.0% with a payout ratio of 19.31%.

American Business Bank (OTCMKTS:AMBZ - Get Free Report) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 4,100 shares, agrowthof78.3% from the June 30th total of 2,300 shares. Based on an average daily volume of 5,200 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 5,200 shares, the days-to-cover ratio is currently 0.8 days.

American Business Bank Stock Performance

Shares of AMBZ stock remained flat at $48.16 during midday trading on Friday. The company's stock had a trading volume of 2,608 shares, compared to its average volume of 6,265. The stock has a 50-day simple moving average of $45.38 and a 200 day simple moving average of $44.26. American Business Bank has a one year low of $34.43 and a one year high of $49.19. The firm has a market capitalization of $432.00 million, a PE ratio of 9.30 and a beta of 0.44.

American Business Bank (OTCMKTS:AMBZ - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $1.42 earnings per share for the quarter. The business had revenue of $38.22 million during the quarter.

American Business Bank Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, September 17th. Investors of record on Friday, August 8th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 7th. This represents a yield of 204.0%. American Business Bank's payout ratio is currently 19.31%.

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.