American Business Bank (OTCMKTS:AMBZ) Shares Cross Below 50-Day Moving Average – What’s Next?

American Business Bank (OTCMKTS:AMBZ) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $44.50 and traded as low as $41.84. American Business Bank shares last traded at $41.84, with a volume of 295 shares traded.

American Business Bank Stock Performance

The company’s 50-day moving average price is $44.40 and its 200 day moving average price is $42.97. The stock has a market capitalization of $379.32 million, a P/E ratio of 9.02 and a beta of 0.47.

American Business Bank (OTCMKTS:AMBZ) last posted 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 declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were paid a $0.25 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 2.39%. American Business Bank’s payout ratio is 21.55%.

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.