American Business Bank (OTCMKTS:AMBZ) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Shares of American Business Bank (OTCMKTS:AMBZ) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $44.66 and traded as high as $44.97. American Business Bank shares last traded at $44.97, with a volume of 151 shares traded.

American Business Bank Stock Down 0.2 %

The firm has a market cap of $406.70 million, a P/E ratio of 9.68 and a beta of 0.74. The firm’s 50-day simple moving average is $44.71 and its 200 day simple moving average is $42.13.

American Business Bank (OTCMKTS:AMBZ) last released its quarterly earnings results 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. Stockholders of record on Monday, February 24th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.23%. American Business Bank’s payout ratio is 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.