American Business Bank (OTCMKTS:AMBZ) Sets New 12-Month High – Should You Buy?

Shares of American Business Bank (OTCMKTS:AMBZ) reached a new 52-week high on Tuesday . The company traded as high as $66.88 and last traded at $66.88, with a volume of 7203 shares traded. The stock had previously closed at $64.50.

American Business Bank Price Performance

The stock’s 50 day simple moving average is $63.16 and its two-hundred day simple moving average is $56.65. The firm has a market cap of $611.83 million, a P/E ratio of 12.35 and a beta of 0.31.

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

About American Business Bank

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.