American Bank (OTCMKTS:AMBK) Stock Price Up 0.6% – Still a Buy?

American Bank Inc. (OTCMKTS:AMBK)’s share price rose 0.6% on Friday . The company traded as high as $15.85 and last traded at $15.85. Approximately 2,707 shares were traded during mid-day trading, an increase of 265% from the average daily volume of 741 shares. The stock had previously closed at $15.75.

American Bank Stock Up 0.6%

The stock has a market cap of $103.66 million, a price-to-earnings ratio of 8.95 and a beta of 0.01. The stock has a fifty day moving average of $15.43 and a two-hundred day moving average of $15.01.

American Bank (OTCMKTS:AMBK) last issued its earnings results on Monday, July 14th. The company reported $0.65 earnings per share for the quarter. The firm had revenue of $8.67 million during the quarter.

American Bank Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 17th were issued a $0.14 dividend. The ex-dividend date was Monday, June 16th. This represents a yield of 377.0%. American Bank’s dividend payout ratio (DPR) is presently 31.64%.

American Bank Company Profile

American Bank Incorporated operates as the bank holding company for American Bank that provides various banking products and services to consumer, business, institutional, and governmental customers. It accepts a range of interest-bearing checking and money market accounts, savings accounts, certificates of deposit, and individual retirement accounts.