Avidbank Holdings, Inc. (OTCMKTS:AVBH – Get Free Report) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 100 shares, a decline of 88.9% from the July 15th total of 900 shares. Based on an average daily volume of 25,900 shares, the short-interest ratio is currently 0.0 days.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. Janney Montgomery Scott initiated coverage on Avidbank in a report on Friday, July 12th. They issued a “neutral” rating and a $21.00 target price on the stock. Stephens lowered their price objective on shares of Avidbank from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Tuesday, July 23rd. Finally, Piper Sandler reduced their price target on shares of Avidbank from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th.
View Our Latest Research Report on AVBH
Avidbank Price Performance
Avidbank (OTCMKTS:AVBH – Get Free Report) last released its quarterly earnings results on Monday, July 22nd. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.22). The company had revenue of $37.30 million for the quarter, compared to the consensus estimate of $20.56 million. Analysts forecast that Avidbank will post 2.71 EPS for the current fiscal year.
About Avidbank
Avidbank Holdings, Inc operates as a bank holding company for Avidbank that provides financial products and services to businesses and individuals in the Santa Clara, San Mateo, and San Francisco counties. The company offers business and personal deposit products, such as checking, money market, and savings accounts; and certificates of deposit.
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