Avidbank (NASDAQ:AVBH – Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.07, FiscalAI reports. The firm had revenue of $30.37 million during the quarter, compared to the consensus estimate of $29.26 million. Avidbank had a negative net margin of 8.69% and a positive return on equity of 10.85%.
Avidbank Trading Down 0.4%
AVBH stock traded down $0.13 during mid-day trading on Monday, reaching $31.57. The company’s stock had a trading volume of 58,295 shares, compared to its average volume of 90,470. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.07. Avidbank has a 12 month low of $24.02 and a 12 month high of $34.17. The business’s 50 day moving average price is $31.48 and its 200 day moving average price is $31.36. The company has a market cap of $346.64 million, a price-to-earnings ratio of -16.44 and a beta of 0.33.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Weiss Ratings cut Avidbank from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 25th. Wall Street Zen upgraded Avidbank from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Benchmark upgraded shares of Avidbank to a “strong-buy” rating in a research report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $35.33.
View Our Latest Analysis on Avidbank
About Avidbank
Avidbank, the banking subsidiary of Avidbank Holdings, Inc (NASDAQ: AVBH), is a commercial bank headquartered in Silicon Valley. Founded in 2003, the company provides banking services to businesses, entrepreneurs, and professionals, with a particular focus on technology, life sciences, venture capital, private equity, and other innovation-driven industries.
Avidbank offers commercial lending, business checking and savings accounts, treasury management, cash management, and other deposit services.
Read More
- Five stocks we like better than Avidbank
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
- 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
Receive News & Ratings for Avidbank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avidbank and related companies with MarketBeat.com's FREE daily email newsletter.
