American Business Bank (OTCMKTS:AMBZ) Stock Price Down 0.1% - Here's Why

Key Points

• American Business Bank's stock decreased by 0.1%, trading at $54.74 with a low of $54.70, amidst a dramatic drop in trading volume of 94% from its average.
• For the last quarter, the bank reported earnings of $1.42 per share on revenue of $38.22 million, and had a market capitalization of $488.28 million.
• The company recently announced a $0.25 dividend with a yield of 204.0%, showing a payout ratio of 19.31% and a commitment to shareholder returns.

American Business Bank (OTCMKTS:AMBZ - Get Free Report) traded down 0.1% on Monday . The stock traded as low as $54.70 and last traded at $54.74. 1,252 shares changed hands during trading, a decline of 94% from the average session volume of 19,778 shares. The stock had previously closed at $54.80.

American Business Bank Stock Down 0.1%

The company has a market capitalization of $488.28 million, a P/E ratio of 10.57 and a beta of 0.48. The company has a 50-day moving average of $51.32 and a two-hundred day moving average of $46.19.

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

American Business Bank Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, September 17th. Shareholders of record on Friday, August 8th were issued a $0.25 dividend. This represents a yield of 204.0%. The ex-dividend date of this dividend was Thursday, August 7th. American Business Bank's payout ratio is 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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