American Business Bank (OTCMKTS:AMBZ) Reaches New 52-Week High – Still a Buy?

Shares of American Business Bank (OTCMKTS:AMBZ) reached a new 52-week high on Monday . The stock traded as high as $60.99 and last traded at $60.98, with a volume of 15330 shares. The stock had previously closed at $60.10.

American Business Bank Trading Up 1.5%

The company’s fifty day moving average is $56.85 and its 200 day moving average is $50.62. The company has a market capitalization of $541.99 million, a P/E ratio of 10.93 and a beta of 0.51.

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

About American Business Bank

American Business Bank, a California-chartered bank, provides banking products and services to small and medium-sized firms, non-profits, business executives, and professionals in Southern California. The company offers credit and depository; treasury management; asset-based lending; SBA lending; international banking comprising money transfers, import and export commercial letters of credit, standby letters of credit, documentary and clean collections, and foreign currency exchange services; and consulting and referral services.