American Business Bank (OTCMKTS:AMBZ) Short Interest Update

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

American Business Bank Trading Down 0.3 %

Shares of AMBZ opened at $44.60 on Friday. American Business Bank has a 52 week low of $29.75 and a 52 week high of $46.99. The firm has a market cap of $404.30 million, a price-to-earnings ratio of 9.61 and a beta of 0.74. The stock has a 50 day moving average of $44.81 and a 200-day moving average of $42.36.

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

American Business Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 2.24%. American Business Bank’s dividend payout ratio (DPR) 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.