American Business Bank (OTCMKTS:AMBZ) Hits New 1-Year High – Here’s Why

American Business Bank (OTCMKTS:AMBZ) reached a new 52-week high during trading on Wednesday . The company traded as high as $70.00 and last traded at $70.00, with a volume of 2151 shares. The stock had previously closed at $69.49.

American Business Bank Stock Performance

The company’s 50-day moving average price is $63.96 and its 200 day moving average price is $57.34. The stock has a market capitalization of $630.48 million, a P/E ratio of 12.12 and a beta of 0.32.

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