American Business Bank (AMBZ) Issues Quarterly Earnings Results

American Business Bank (OTCMKTS:AMBZ) announced its quarterly earnings results on Thursday. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The firm had revenue of $14.85 million for the quarter.

American Business Bank (OTCMKTS AMBZ) remained flat at $39.80 during midday trading on Friday. The company had a trading volume of 702 shares. The stock has a market cap of $299.10 million, a PE ratio of 22.87 and a beta of 0.34. The company has a 50 day moving average price of $38.80 and a 200-day moving average price of $41.10. American Business Bank has a one year low of $29.00 and a one year high of $43.00.

Separately, ValuEngine downgraded shares of American Business Bank from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.

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American Business Bank Company Profile

American Business Bank is engaged in business banking. The Bank offers a range of financial services to the business marketplace. Its clients include wholesalers, manufacturers, service businesses, professionals and non-profits. The Bank operates approximately four loan production offices in areas, including Orange County Office in Irvine, South Bay Office in Torrance, San Fernando Valley Office in the Warner Center and Inland Empire Office in Ontario.

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