ValuEngine cut shares of American Business Bank (OTCMKTS:AMBZ) from a buy rating to a hold rating in a research report released on Monday.

Shares of American Business Bank (OTCMKTS:AMBZ) opened at 38.11 on Monday. The company’s 50-day moving average is $39.66 and its 200-day moving average is $41.22. The stock has a market cap of $286.40 million, a P/E ratio of 21.90 and a beta of 0.34. American Business Bank has a 12-month low of $25.91 and a 12-month high of $39.65.

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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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