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

Shares of American Business Bank (OTCMKTS:AMBZ) hit a new 52-week high during trading on Wednesday . The stock traded as high as $73.26 and last traded at $72.40, with a volume of 11468 shares traded. The stock had previously closed at $72.45.

American Business Bank Stock Down 0.6%

The company has a market cap of $640.80 million, a PE ratio of 12.29 and a beta of 0.27. The stock’s 50 day simple moving average is $71.09 and its two-hundred day simple moving average is $65.00.

American Business Bank (OTCMKTS:AMBZ) last announced its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter. The company had revenue of $44.70 million for the quarter.

American Business Bank Company Profile

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.