American Business Bank (OTCMKTS:AMBZ) Shares Down 0.4% – Time to Sell?

American Business Bank (OTCMKTS:AMBZ)’s share price was down 0.4% during mid-day trading on Thursday . The stock traded as low as $43.52 and last traded at $43.91. Approximately 2,805 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 6,959 shares. The stock had previously closed at $44.10.

American Business Bank Price Performance

The firm’s 50 day moving average is $42.19 and its 200 day moving average is $37.15. The company has a market capitalization of $399.65 million, a PE ratio of 9.67 and a beta of 0.72.

American Business Bank (OTCMKTS:AMBZ) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter. The business had revenue of $33.28 million for 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.