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

American Business Bank (OTCMKTS:AMBZ) saw unusually-high trading volume on Friday. 12,579 shares traded hands during mid-day trading, an increase of 67% from the average daily volume of 7,519 shares. The stock last traded at $70.00 and had previously closed at $70.49.

American Business Bank Price Performance

The stock has a market capitalization of $620.90 million, a P/E ratio of 10.00 and a beta of 0.30. The firm has a fifty day moving average of $72.16 and a two-hundred day moving average of $71.53.

American Business Bank (OTCMKTS:AMBZ) last announced its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter. The company had revenue of $48.29 million during the quarter.

American Business Bank Company Profile

American Business Bank (OTCMKTS: AMBZ) is a commercial bank focused on serving privately owned businesses, professional practices and individual customers. The bank provides relationship-based banking services designed to address the lending, deposit and cash-management needs of small and middle-market businesses.

Its products and services include commercial and industrial loans, commercial real estate financing, lines of credit, Small Business Administration lending, business checking and savings accounts, treasury management and electronic banking services.