Avidbank (OTC:AVBH – Get Free Report) posted its earnings results on Monday. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.12, Yahoo Finance reports. The firm had revenue of $38.43 million for the quarter, compared to analyst estimates of $20.18 million.
Avidbank Price Performance
AVBH stock opened at $19.73 on Wednesday. The stock’s 50-day moving average is $19.51. The company has a market cap of $155.28 million, a P/E ratio of 10.33 and a beta of 0.69. Avidbank has a 52 week low of $18.16 and a 52 week high of $22.00.
Analysts Set New Price Targets
Several brokerages have recently issued reports on AVBH. Janney Montgomery Scott started coverage on Avidbank in a research report on Friday, July 12th. They set a “neutral” rating and a $21.00 price objective for the company. Stephens reduced their price target on Avidbank from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Tuesday, July 23rd.
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.
Featured Articles
- Five stocks we like better than Avidbank
- What is the S&P 500 and How It is Distinct from Other Indexes
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
- About the Markup Calculator
- Short Sellers Eye Palantir: Should You Buy the Dip?
- Using the MarketBeat Dividend Yield Calculator
- Is This NVIDIA Backed Robotics Stock a Buy As It Nears Expansion?
Receive News & Ratings for Avidbank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avidbank and related companies with MarketBeat.com's FREE daily email newsletter.
