American Business Bank (OTCMKTS:AMBZ) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Shares of American Business Bank (OTCMKTS:AMBZ) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $44.17 and traded as high as $46.97. American Business Bank shares last traded at $45.70, with a volume of 6,471 shares traded.

American Business Bank Price Performance

The firm’s 50-day moving average price is $44.17 and its 200 day moving average price is $40.68. The firm has a market cap of $415.87 million, a P/E ratio of 9.85 and a beta of 0.72.

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

American Business Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 2.19%.

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.