Avidbank (OTCMKTS:AVBH) Shares Up 0.8%

Avidbank Holdings, Inc. (OTCMKTS:AVBH) traded up 0.8% during trading on Monday . The stock traded as high as $19.65 and last traded at $19.65. 400 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 5,220 shares. The stock had previously closed at $19.50.

Wall Street Analyst Weigh In

AVBH has been the topic of several recent analyst reports. Janney Montgomery Scott initiated coverage on Avidbank in a research note on Friday, July 12th. They set a “neutral” rating and a $21.00 target price on the stock. Stephens decreased their target price on Avidbank from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 23rd.

Avidbank Stock Performance

The firm has a 50 day moving average of $18.96 and a 200-day moving average of $18.92. The company has a market cap of $153.66 million, a P/E ratio of 9.45 and a beta of 0.69.

Avidbank (OTCMKTS:AVBH) last released its quarterly earnings data on Monday, July 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.22). The business had revenue of $37.30 million during the quarter, compared to analyst estimates of $20.56 million. Equities analysts predict that Avidbank Holdings, Inc. will post 2.71 EPS for the current fiscal year.

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.