American Business Bank (OTCMKTS:AMBZ) Hits New 1-Year High – Still a Buy?

American Business Bank (OTCMKTS:AMBZ) shares hit a new 52-week high during trading on Monday . The company traded as high as $64.90 and last traded at $64.60, with a volume of 1245 shares changing hands. The stock had previously closed at $64.30.

American Business Bank Trading Up 0.3%

The stock has a market capitalization of $572.12 million, a P/E ratio of 11.56 and a beta of 0.31. The company has a 50-day moving average price of $60.88 and a two-hundred day moving average price of $54.22.

American Business Bank (OTCMKTS:AMBZ) last released its earnings results on Wednesday, October 29th. The financial services provider reported $1.75 EPS for the quarter. The business had revenue of $42.62 million for 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.