American Business Bank (OTCMKTS:AMBZ) Short Interest Update

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) was the recipient of a significant growth in short interest in 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 trading volume of 5,200 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 5,200 shares, the short-interest ratio is presently 0.8 days.

American Business Bank Stock Down 0.6%

AMBZ stock opened at $48.91 on Wednesday. The firm has a market capitalization of $438.72 million, a PE ratio of 9.44 and a beta of 0.44. American Business Bank has a twelve month low of $34.43 and a twelve month high of $49.19. The stock's 50 day moving average is $45.04 and its 200-day moving average is $44.17.

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

American Business Bank Announces Dividend

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

American Business Bank Company Profile

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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