American Bank (OTCMKTS:AMBK) Shares Up 5.3% – Still a Buy?

by · The Markets Daily

American Bank Inc. (OTCMKTS:AMBK – Get Free Report)’s stock price was up 5.3% during mid-day trading on Friday . The stock traded as high as $23.43 and last traded at $23.43. Approximately 100 shares traded hands during mid-day trading, an increase of 6% from the average daily volume of 94 shares. The stock had previously closed at $22.25.

American Bank Price Performance

The stock has a fifty day moving average of $21.54 and a 200 day moving average of $19.26. The stock has a market cap of $148.55 million, a price-to-earnings ratio of 10.65 and a beta of -0.08.

American Bank (OTCMKTS:AMBK – Get Free Report) last issued its quarterly earnings results on Thursday, July 9th. The company reported $0.52 earnings per share for the quarter. The business had revenue of $8.66 million during the quarter.

About American Bank

(Get Free Report)

American Bank (OTCMKTS:AMBK) is a U.S. bank holding company that operates through its subsidiary, American Bank. As a community-oriented financial institution, it offers a broad range of commercial and consumer banking products, including deposit accounts, business and personal loans, mortgage financing, and treasury management services.

Serving individual customers, small to mid-sized businesses and nonprofit organizations, American Bank delivers its products through a network of branch locations complemented by digital banking platforms.

See Also