American Business Bank (OTCMKTS:AMBZ) Reaches New 52-Week High – Here’s Why

American Business Bank (OTCMKTS:AMBZ)’s stock price 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 changing hands. The stock had previously closed at $64.50.

American Business Bank Trading Up 8.5%

The company has a market cap of $621.60 million, a price-to-earnings ratio of 12.54 and a beta of 0.31. The firm has a 50-day moving average price of $62.76 and a 200 day moving average price of $56.41.

American Business Bank (OTCMKTS:AMBZ) last released its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $1.87 earnings per share for 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.