American Business Bank (OTCMKTS:AMBZ) Sees Large Drop in Short Interest

American Business Bank (OTCMKTS:AMBZ) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 87.5% from the February 28th total of 800 shares. Based on an average daily trading volume, of 19,600 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

American Business Bank Stock Down 0.3 %

AMBZ opened at $44.60 on Friday. American Business Bank has a 52-week low of $29.75 and a 52-week high of $46.99. The company has a 50 day moving average of $44.81 and a two-hundred day moving average of $42.36. The company has a market cap of $404.30 million, a P/E ratio of 9.61 and a beta of 0.74.

American Business Bank (OTCMKTS:AMBZ) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $1.33 earnings per share for the quarter.

American Business Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 annualized dividend and a dividend yield of 2.24%. American Business Bank’s dividend payout ratio is presently 21.55%.

American Business Bank Company Profile

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.