Short Interest in American Business Bank (OTCMKTS:AMBZ) Drops By 16.7%

American Business Bank (OTCMKTS:AMBZ) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 500 shares, a decline of 16.7% from the January 15th total of 600 shares. Based on an average daily volume of 14,800 shares, the days-to-cover ratio is presently 0.0 days.

American Business Bank Trading Down 2.7 %

Shares of AMBZ stock opened at $45.70 on Friday. The stock has a 50 day moving average of $44.17 and a 200 day moving average of $40.68. The stock has a market cap of $415.87 million, a P/E ratio of 9.85 and a beta of 0.72. 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 announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.33 earnings per share for the quarter.

American Business Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, February 24th.

American Business Bank Company Profile

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.