American Business Bank (OTCMKTS:AMBZ) Sees Significant Growth in Short Interest

American Business Bank (OTCMKTS:AMBZ) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 800 shares, an increase of 300.0% from the February 13th total of 200 shares. Based on an average daily volume of 19,000 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

American Business Bank Stock Performance

Shares of AMBZ opened at $44.97 on Friday. The stock’s 50-day simple moving average is $44.49 and its 200 day simple moving average is $41.84. American Business Bank has a 52-week low of $29.75 and a 52-week high of $46.99. The stock has a market capitalization of $409.41 million, a price-to-earnings ratio of 9.69 and a beta of 0.74.

American Business Bank (OTCMKTS:AMBZ) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.33 EPS for the quarter.

American Business Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a yield of 2.22%. American Business Bank’s dividend payout ratio (DPR) is currently 21.55%.

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.