Avidbank (OTCMKTS:AVBH) Shares Up 0.3% - Here's Why

Avidbank Holdings, Inc. (OTCMKTS:AVBH - Get Free Report)'s stock price rose 0.3% during trading on Wednesday . The company traded as high as $19.91 and last traded at $19.90. Approximately 975 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 4,468 shares. The stock had previously closed at $19.84.

Avidbank Stock Performance

The firm has a market cap of $158.22 million, a P/E ratio of 9.60 and a beta of 0.52. The business's 50-day simple moving average is $20.93 and its 200 day simple moving average is $21.84.

Avidbank (OTCMKTS:AVBH - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.08. The company had revenue of $20.52 million during the quarter, compared to the consensus estimate of $20.89 million. As a group, equities research analysts expect that Avidbank Holdings, Inc. will post 2.71 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.