Avidbank (AVBH) to Release Quarterly Earnings on Monday

Avidbank (OTCMKTS:AVBH) will likely be posting its quarterly earnings results on Monday, January 27th. Analysts expect Avidbank to post earnings of $0.67 per share for the quarter.

Avidbank (OTCMKTS:AVBH) last released its earnings results on Monday, October 21st. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. The company had revenue of $38.43 million for the quarter, compared to analyst estimates of $20.18 million. On average, analysts expect Avidbank to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Avidbank Trading Down 0.0 %

OTCMKTS:AVBH opened at $20.49 on Monday. Avidbank has a 12 month low of $18.16 and a 12 month high of $22.49. The stock has a market capitalization of $161.95 million, a price-to-earnings ratio of 9.85 and a beta of 0.69. The firm has a fifty day simple moving average of $21.68 and a two-hundred day simple moving average of $20.25.

Analyst Ratings Changes

Separately, Janney Montgomery Scott upgraded Avidbank from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research note 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.