American Business Bank (OTCMKTS:AMBZ) Short Interest Down 50.0% in May

American Business Bank (OTCMKTS:AMBZ) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 100 shares, a drop of 50.0% from the April 30th total of 200 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 21,400 shares, the days-to-cover ratio is currently 0.0 days.

American Business Bank Price Performance

American Business Bank stock opened at $42.49 on Friday. The company has a market capitalization of $382.33 million, a PE ratio of 9.16 and a beta of 0.41. American Business Bank has a one year low of $29.75 and a one year high of $46.99. The business has a 50 day simple moving average of $42.58 and a 200 day simple moving average of $43.70.

American Business Bank (OTCMKTS:AMBZ) last posted its earnings results on Monday, April 28th. The financial services provider reported $1.27 EPS for the quarter. The company had revenue of $36.33 million for the quarter.

American Business Bank Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, June 17th. Investors of record on Thursday, May 8th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a dividend yield of 2.33%. American Business Bank’s dividend payout ratio is 20.92%.

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.