American Business Bank (OTCMKTS:AMBZ) Issues Quarterly Earnings Results

American Business Bank (OTCMKTS:AMBZ) posted its quarterly earnings data on Tuesday. The financial services provider reported $1.87 earnings per share for the quarter, Zacks reports.

American Business Bank Stock Up 5.4%

AMBZ stock traded up $3.50 during midday trading on Tuesday, reaching $68.00. 9,203 shares of the company’s stock traded hands, compared to its average volume of 24,691. The company has a 50-day simple moving average of $62.76 and a two-hundred day simple moving average of $56.41. American Business Bank has a 1-year low of $40.03 and a 1-year high of $68.00. The company has a market cap of $603.84 million, a price-to-earnings ratio of 12.19 and a beta of 0.31.

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.