American Business Bank (OTCMKTS:AMBZ) Hits New 1-Year High – Here’s Why

American Business Bank (OTCMKTS:AMBZ) shares hit a new 52-week high during trading on Friday . The company traded as high as $71.13 and last traded at $70.88, with a volume of 4020 shares trading hands. The stock had previously closed at $70.87.

American Business Bank Price Performance

The business has a fifty day moving average of $65.34 and a 200 day moving average of $58.35. The firm has a market cap of $629.33 million, a P/E ratio of 12.09 and a beta of 0.32.

American Business Bank (OTCMKTS:AMBZ) last posted its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $1.87 earnings per share for the quarter. The business had revenue of $44.70 million during 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.