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

Key Points

• Short interest in American Business Bank decreased significantly by 85.4%, dropping from 4,100 shares to 600 shares as of July 31st.
• The bank reported $1.42 earnings per share and $38.22 million in revenue for the last quarter.
• American Business Bank announced a dividend of $0.25 to be paid on September 17th, yielding 204.0% with a payout ratio of 19.31%.

American Business Bank (OTCMKTS:AMBZ - Get Free Report) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 600 shares, adeclineof85.4% from the July 15th total of 4,100 shares. Approximately0.0% of the company's shares are short sold. Based on an average daily trading volume, of 9,400 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 9,400 shares, the days-to-cover ratio is presently 0.1 days. Approximately0.0% of the company's shares are short sold.

American Business Bank Price Performance

Shares of American Business Bank stock traded up $0.79 during trading on Wednesday, hitting $50.00. 1,082 shares of the company were exchanged, compared to its average volume of 13,210. The firm has a market capitalization of $446.50 million, a P/E ratio of 9.65 and a beta of 0.44. The firm's fifty day moving average price is $46.37 and its 200 day moving average price is $44.51. American Business Bank has a 1-year low of $34.43 and a 1-year high of $50.00.

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

American Business Bank Dividend Announcement

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