Avidbank (OTCMKTS:AVBH – Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.17, Zacks reports.
Avidbank Trading Up 1.0 %
AVBH opened at $21.80 on Wednesday. The company has a market capitalization of $172.22 million, a price-to-earnings ratio of 10.48 and a beta of 0.69. Avidbank has a 12-month low of $18.16 and a 12-month high of $22.49. The business’s fifty day simple moving average is $21.52 and its 200-day simple moving average is $20.36.
Analyst Ratings Changes
Separately, Janney Montgomery Scott raised shares of Avidbank from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, November 12th.
Avidbank Company Profile
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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