American Business Bank (OTCMKTS:AMBZ) Short Interest Update

American Business Bank (OTCMKTS:AMBZ) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 100 shares, a decrease of 87.5% from the February 28th total of 800 shares. Based on an average daily trading volume, of 19,600 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

American Business Bank Stock Performance

OTCMKTS AMBZ traded down $0.17 on Wednesday, reaching $44.74. The company’s stock had a trading volume of 2,450 shares, compared to its average volume of 9,355. The firm’s 50 day moving average is $44.79 and its two-hundred day moving average is $42.33. The stock has a market cap of $405.57 million, a PE ratio of 9.64 and a beta of 0.74. American Business Bank has a twelve month low of $29.75 and a twelve month high of $46.99.

American Business Bank (OTCMKTS:AMBZ) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter.

American Business Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.24%. American Business Bank’s dividend payout ratio is 21.55%.

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.