American Business Bank (OTCMKTS:AMBZ) Shares Gap Up – Should You Buy?

American Business Bank (OTCMKTS:AMBZ) shares gapped up prior to trading on Wednesday . The stock had previously closed at $64.50, but opened at $69.00. American Business Bank shares last traded at $69.80, with a volume of 3,102 shares trading hands.

American Business Bank Stock Performance

The company has a 50 day simple moving average of $62.96 and a 200 day simple moving average of $56.56. The stock has a market cap of $610.50 million, a P/E ratio of 12.32 and a beta of 0.31.

American Business Bank (OTCMKTS:AMBZ) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $1.87 earnings per share for the quarter. The firm 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.