Shares of Avidbank Holdings, Inc. (OTCMKTS:AVBH – Get Free Report) were down 2.3% during mid-day trading on Friday . The company traded as low as $18.53 and last traded at $18.79. Approximately 820 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 5,574 shares. The stock had previously closed at $19.23.
Avidbank Stock Down 2.3 %
The stock has a market capitalization of $146.56 million, a price-to-earnings ratio of 6.59 and a beta of 0.66. The business has a 50-day simple moving average of $18.99 and a two-hundred day simple moving average of $20.22.
Avidbank (OTCMKTS:AVBH – Get Free Report) last released its earnings results on Monday, January 22nd. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $29.26 million during the quarter, compared to analyst estimates of $18.92 million. On average, analysts forecast that Avidbank Holdings, Inc. will post 2.81 EPS for the current year.
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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