American Business Bank (OTCMKTS:AMBZ) Sets New 52-Week High – Time to Buy?

American Business Bank (OTCMKTS:AMBZ)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $73.77 and last traded at $73.20, with a volume of 3861 shares. The stock had previously closed at $72.80.

American Business Bank Price Performance

The firm’s 50 day moving average price is $72.69 and its 200-day moving average price is $70.84. The stock has a market cap of $646.46 million, a P/E ratio of 10.91 and a beta of 0.25.

American Business Bank (OTCMKTS:AMBZ) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.87 EPS for the quarter. The firm had revenue of $43.94 million for the quarter.

American Business Bank Company Profile

American Business Bank (OTCMKTS:AMBZ) is a Southern California–based commercial bank that provides a broad range of financial services to small and mid-sized businesses. Headquartered in Irvine, California, the bank focuses on building long-term relationships with clients in industries such as real estate development, professional services, healthcare, technology, and manufacturing. Its regional footprint includes full-service offices across Los Angeles, Orange County, the Inland Empire, North County San Diego, and the Coachella Valley.

The bank’s core offerings encompass commercial real estate financing, construction and land development loans, equipment and vehicle financing, and working capital lines of credit.