American Business Bank (OTCMKTS:AMBZ) Reaches New 52-Week High – What’s Next?

Shares of American Business Bank (OTCMKTS:AMBZ) hit a new 52-week high on Thursday . The stock traded as high as $71.45 and last traded at $71.19, with a volume of 2310 shares trading hands. The stock had previously closed at $70.93.

American Business Bank Price Performance

The company has a market capitalization of $633.14 million, a PE ratio of 12.17 and a beta of 0.32. The firm’s 50 day moving average is $66.43 and its 200 day moving average is $59.28.

American Business Bank (OTCMKTS:AMBZ) last released its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter. The firm had revenue of $44.70 million during the quarter.

About American Business Bank

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.