American Business Bank (OTCMKTS:AMBZ) Shares Gap Up – Should You Buy?

American Business Bank (OTCMKTS:AMBZ)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $64.50, but opened at $69.00. American Business Bank shares last traded at $69.80, with a volume of 3,102 shares.

American Business Bank Stock Performance

The company has a market capitalization of $617.16 million, a price-to-earnings ratio of 11.86 and a beta of 0.31. The company has a 50-day moving average price of $63.57 and a 200-day moving average price of $56.89.

American Business Bank (OTCMKTS:AMBZ) last announced its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter. The business had revenue of $44.70 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.