Avidbank (OTCMKTS:AVBH) Posts Earnings Results, Beats Expectations By $0.17 EPS

Avidbank (OTCMKTS:AVBH) posted its quarterly earnings data on Monday. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.17, Zacks reports.

Avidbank Stock Performance

AVBH opened at $20.45 on Monday. Avidbank has a 12-month low of $18.16 and a 12-month high of $22.49. The company has a market cap of $161.56 million, a price-to-earnings ratio of 9.83 and a beta of 0.69. The company’s 50 day moving average is $21.53 and its 200 day moving average is $20.33.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott raised shares of Avidbank from a “neutral” rating to a “buy” rating and set a $26.00 price target 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.