American Business Bank (OTCMKTS:AMBZ) Sees Large Growth in Short Interest

American Business Bank (OTCMKTS:AMBZ) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 3,400 shares, a growth of 3,300.0% from the May 15th total of 100 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 10,900 shares, the short-interest ratio is currently 0.3 days.

American Business Bank Stock Performance

Shares of AMBZ stock opened at $42.60 on Thursday. The firm has a market cap of $382.72 million, a price-to-earnings ratio of 9.18 and a beta of 0.42. American Business Bank has a 1 year low of $29.75 and a 1 year high of $46.99. The stock’s 50-day moving average is $42.29 and its two-hundred day moving average is $43.63.

American Business Bank (OTCMKTS:AMBZ) last issued its quarterly earnings results on Monday, April 28th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter. The company had revenue of $36.33 million during the quarter.

American Business Bank Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Thursday, May 8th will be issued a $0.25 dividend. This represents a dividend yield of 2.33%. The ex-dividend date of this dividend is Wednesday, May 7th. American Business Bank’s payout ratio is 20.92%.

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.