Avidbank (OTCMKTS:AVBH – Get Free Report) posted its earnings results on Monday. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.17, Zacks reports.
Avidbank Price Performance
OTCMKTS:AVBH opened at $20.45 on Monday. The firm has a market cap of $161.56 million, a PE ratio of 9.83 and a beta of 0.69. Avidbank has a 12 month low of $18.16 and a 12 month high of $22.49. The company’s 50-day moving average price is $21.53 and its two-hundred day moving average price is $20.33.
Wall Street Analysts Forecast Growth
Separately, Janney Montgomery Scott raised 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.
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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