Short Interest in American Business Bank (OTCMKTS:AMBZ) Declines By 87.5%

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

American Business Bank Trading Down 0.4 %

OTCMKTS:AMBZ traded down $0.17 during mid-day trading on Wednesday, hitting $44.74. 2,450 shares of the company’s stock traded hands, compared to its average volume of 9,355. The firm has a 50 day moving average of $44.79 and a two-hundred day moving average of $42.33. The firm has a market capitalization of $405.57 million, a price-to-earnings ratio of 9.64 and a beta of 0.74. American Business Bank has a 12 month low of $29.75 and a 12 month high of $46.99.

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

American Business Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were given a $0.25 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.24%. American Business Bank’s dividend payout ratio is currently 21.55%.

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.