American Business Bank (OTCMKTS:AMBZ) Sees Large Volume Increase – Still a Buy?

American Business Bank (OTCMKTS:AMBZ) saw an uptick in trading volume on Wednesday . 30,900 shares traded hands during mid-day trading, an increase of 243% from the previous session’s volume of 9,008 shares.The stock last traded at $58.96 and had previously closed at $58.50.

American Business Bank Stock Up 0.6%

The firm has a market capitalization of $524.94 million, a PE ratio of 10.55 and a beta of 0.51. The stock has a 50-day simple moving average of $55.53 and a 200-day simple moving average of $49.09.

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

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.