American Business Bank (OTCMKTS:AMBZ) Reaches New 52-Week High – Here’s What Happened

American Business Bank (OTCMKTS:AMBZ) reached a new 52-week high on Tuesday . The stock traded as high as $64.85 and last traded at $64.80, with a volume of 8497 shares changing hands. The stock had previously closed at $63.90.

American Business Bank Stock Up 1.4%

The company’s 50-day moving average price is $60.12 and its 200-day moving average price is $53.60. The firm has a market cap of $574.78 million, a price-to-earnings ratio of 11.61 and a beta of 0.30.

American Business Bank (OTCMKTS:AMBZ) last released its earnings results on Wednesday, October 29th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter. The business had revenue of $42.62 million for the quarter.

About American Business Bank

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.