American Business Bank (OTCMKTS:AMBZ) Sees Large Volume Increase – Still a Buy?

American Business Bank (OTCMKTS:AMBZ) shares saw strong trading volume on Friday . 15,100 shares changed hands during mid-day trading, an increase of 74% from the previous session’s volume of 8,701 shares.The stock last traded at $63.90 and had previously closed at $64.80.

American Business Bank Stock Performance

The stock has a market capitalization of $567.68 million, a price-to-earnings ratio of 11.47 and a beta of 0.31. The business has a fifty day simple moving average of $60.70 and a 200 day simple moving average of $53.91.

American Business Bank (OTCMKTS:AMBZ) last released its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $1.75 earnings per share for the quarter. The business had revenue of $42.62 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.