American Business Bank (OTCMKTS:AMBZ) Short Interest Up 200.0% in March

American Business Bank (OTCMKTS:AMBZ) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 300 shares, an increase of 200.0% from the March 15th total of 100 shares. Based on an average daily volume of 10,100 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

American Business Bank Stock Up 0.8 %

Shares of OTCMKTS AMBZ opened at $41.57 on Thursday. The firm has a 50-day simple moving average of $44.08 and a 200-day simple moving average of $43.01. The stock has a market capitalization of $375.83 million, a price-to-earnings ratio of 8.96 and a beta of 0.47. American Business Bank has a 52 week low of $29.75 and a 52 week high of $46.99.

American Business Bank (OTCMKTS:AMBZ) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.33 EPS for the quarter.

American Business Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Monday, February 24th. American Business Bank’s dividend payout ratio (DPR) is currently 21.55%.

About American Business Bank

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.