Avidbank (AVBH) to Release Quarterly Earnings on Monday

Avidbank (OTCMKTS:AVBH) is projected to release its earnings data on Monday, January 27th. Analysts expect Avidbank to post earnings of $0.67 per share for the quarter.

Avidbank (OTCMKTS:AVBH) last released its quarterly earnings results on Monday, October 21st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.09. The business had revenue of $38.43 million during the quarter, compared to analysts’ expectations 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 %

Shares of OTCMKTS AVBH opened at $20.49 on Monday. The business has a 50-day moving average of $21.68 and a 200-day moving average of $20.25. The firm has a market capitalization of $161.95 million, a price-to-earnings ratio of 9.85 and a beta of 0.69. Avidbank has a 12 month low of $18.16 and a 12 month high of $22.49.

Wall Street Analysts Forecast Growth

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