American Business Bank (OTCMKTS:AMBZ) Sets New 52-Week High – Still a Buy?

American Business Bank (OTCMKTS:AMBZGet Free Report)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $58.55 and last traded at $58.41, with a volume of 4344 shares trading hands. The stock had previously closed at $58.25.

American Business Bank Stock Up 0.8%

The firm has a 50 day moving average of $55.19 and a two-hundred day moving average of $48.63. The firm has a market capitalization of $525.21 million, a price-to-earnings ratio of 10.55 and a beta of 0.47.

American Business Bank (OTCMKTS:AMBZGet Free Report) last posted its earnings results on Wednesday, October 29th. The financial services provider reported $1.75 EPS for the quarter. The firm had revenue of $42.62 million during the quarter.

American Business Bank Company Profile

(Get Free Report)

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.

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