Short Interest in American Business Bank (OTCMKTS:AMBZ) Declines By 68.8%

Key Points

• Short interest in American Business Bank saw a significant decline of 68.8% in September, dropping to just 500 shares from 1,600 shares.
• The bank announced a dividend of $0.25 per share, representing an impressive yield of 204.0% with a payout ratio of 19.31%.
• As of the latest data, American Business Bank's stock was trading at $55.21 with a market capitalization of approximately $492.47 million.

American Business Bank (OTCMKTS:AMBZ - Get Free Report) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 500 shares, a drop of 68.8% from the September 15th total of 1,600 shares. Based on an average daily volume of 49,900 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 49,900 shares, the days-to-cover ratio is presently 0.0 days.

American Business Bank Stock Performance

Shares of AMBZ stock opened at $55.21 on Friday. The stock's fifty day moving average price is $53.27 and its two-hundred day moving average price is $47.16. The company has a market cap of $492.47 million, a PE ratio of 10.66 and a beta of 0.47. American Business Bank has a fifty-two week low of $38.64 and a fifty-two week high of $55.96.

American Business Bank (OTCMKTS:AMBZ - Get Free Report) last issued its 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 Announces Dividend

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