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

Avidbank (OTCMKTS:AVBH) released its quarterly 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 Stock Performance

OTCMKTS AVBH opened at $20.45 on Monday. The stock has a market capitalization of $161.56 million, a P/E ratio of 9.83 and a beta of 0.69. Avidbank has a 52 week low of $18.16 and a 52 week high of $22.49. The stock has a fifty day moving average of $21.53 and a 200-day moving average of $20.33.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott upgraded shares of 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.

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.