Avenue Financial Holdings, Inc. is a bank holding company. The Company operates through its subsidiary, Avenue Bank (the Bank). The Company's operations are concentrated in the Nashville metropolitan statistical area (MSA), and provide a range of financial services through its approximately five locations (four of which are retail branches) and a limited deposit courier service (mobile branch) for select commercial banking clients. It is focused primarily on commercial and private banking. Its principal business is to provide traditional lending and deposit services to clients, through its commercial and private banking departments. The Company is organized into commercial banking, music and entertainment banking, private banking, business banking, mortgage banking and concierge banking teams. It has six loan segments, which include residential real estate, commercial and industrial, commercial real estate, construction and land development, consumer and other.
Industry, Sector and Symbol:
- 50 Day Moving Avg: $19.47
- 200 Day Moving Avg: $17.91
- 52 Week Range: $12.05 - $21.52
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 17.06
- P/E Growth: 0.00
- Net Margins: 12.94%
- Return on Equity: 5.88%
- Return on Assets: 0.48%
- Average Volume: 41,541 shs.
- Beta: -0.38
Frequently Asked Questions for Avenue Financial Holdings (NASDAQ:AVNU)
What is Avenue Financial Holdings' stock symbol?
Avenue Financial Holdings trades on the NASDAQ under the ticker symbol "AVNU."
How were Avenue Financial Holdings' earnings last quarter?
Avenue Financial Holdings Inc (NASDAQ:AVNU) released its earnings results on Thursday, April, 14th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.17 by $0.03. The business earned $10.92 million during the quarter. Avenue Financial Holdings had a net margin of 12.94% and a return on equity of 5.88%. View Avenue Financial Holdings' Earnings History.
Who are some of Avenue Financial Holdings' key competitors?
Some companies that are related to Avenue Financial Holdings include HDFC Bank Limited (HDB), J P Morgan Chase & Co (JPM), Wells Fargo & Company (WFC), Bank of America Corporation (BAC), Citigroup (C), Royal Bank Of Canada (RY), Banco Santander, S.A. (SAN), Toronto Dominion Bank (The) (TD), Itau Unibanco Banco Holding SA (ITUB), U.S. Bancorp (USB), Mitsubishi UFJ Financial Group (MTU), Westpac Banking Corporation (WBK), Banco Bradesco SA (BBD), Bank of Nova Scotia (The) (BNS), ING Group, N.V. (ING), PNC Financial Services Group, Inc. (The) (PNC), Banco Bilbao Vizcaya Argentaria SA (BBVA) and Lloyds Banking Group PLC (LYG).
When did Avenue Financial Holdings IPO?
(AVNU) raised $30 million in an IPO on Tuesday, February 10th 2015. The company issued 2,500,000 shares at a price of $11.00-$13.00 per share. Keefe, Bruyette & Woods (A Stifel Company) acted as the underwriter for the IPO and Sandler ONeill & Partners and Sterne Agee & Leach were co-managers.
How do I buy Avenue Financial Holdings stock?
Shares of Avenue Financial Holdings can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Avenue Financial Holdings' stock price today?
MarketBeat Community Rating for Avenue Financial Holdings (NASDAQ AVNU)MarketBeat's community ratings are surveys of what our community members think about Avenue Financial Holdings and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Avenue Financial Holdings stock can currently be purchased for approximately $19.11.
Consensus Ratings for Avenue Financial Holdings (NASDAQ:AVNU) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||No ratings tracked in the last 12 months.|
|Consensus Rating:||N/A (Score: NaN)|
|Consensus Price Target: ||N/A|
Analysts' Ratings History for Avenue Financial Holdings (NASDAQ:AVNU)
(Data available from 9/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|2/5/2016||Keefe, Bruyette & Woods||Boost Price Target||Outperform||$15.00 -> $22.00||N/A|
|1/29/2016||Stephens||Boost Price Target||$14.00 -> $20.00||N/A|
Earnings History for Avenue Financial Holdings (NASDAQ:AVNU)Earnings History by Quarter for Avenue Financial Holdings (NASDAQ AVNU)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/22/2015||Q315||$0.17||$0.18||$10.35 million||$10.25 million||View||Listen|
|7/23/2015||Q215||$0.14||$0.16||$9.36 million||$9.96 million||View||Listen|
Earnings Estimates for Avenue Financial Holdings (NASDAQ:AVNU)
Current Year EPS Consensus Estimate: $0.85 EPS
Next Year EPS Consensus Estimate: $1.12 EPS
Dividend History for Avenue Financial Holdings (NASDAQ:AVNU)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Avenue Financial Holdings (NASDAQ:AVNU)Insider Trades by Quarter for Avenue Financial Holdings (NASDAQ:AVNU)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/16/2016||James Peter Mccann||EVP||Sell||2,964||$18.75||$55,575.00|| |
|2/9/2015||Larry Dorris||SVP||Buy||5,000||$11.00||$55,000.00|| |
|2/9/2015||Marty G Dickens||Director||Buy||1,000||$11.00||$11,000.00|| |
|2/9/2015||Pete Wooten||EVP||Buy||2,000||$11.00||$22,000.00|| |
|2/9/2015||Ronald L Samuel||CEO||Buy||1,050||$11.00||$11,550.00|| |
Headline Trends for Avenue Financial Holdings (NASDAQ:AVNU)
Latest Headlines for Avenue Financial Holdings (NASDAQ:AVNU)
|PQ Group Holdings Inc. Announces Launch of its Initial Public Offering of 29,000,000 Shares of Common Stock|
www.businesswire.com - September 19 at 4:13 PM
|Ikkuma Announces Closing of the Third and Final Tranche of its Non-Brokered Private Placement|
www.marketwatch.com - September 15 at 9:39 PM
|New $25M HQ to create 600-plus jobs, spur activity in Daytona|
www.bizjournals.com - September 14 at 3:30 AM
|An Effective ETF Avenue to Momentum Stocks|
finance.yahoo.com - September 7 at 4:18 PM
|Ikkuma announces closing of the first tranche of its non-brokered private placement|
www.marketwatch.com - September 1 at 4:47 PM
|Building boom on campus: More than $2 billion in projects underway|
www.bizjournals.com - August 31 at 4:08 PM
|The parent company of Saks Fifth Avenue is thinking about going private|
www.businessinsider.com - August 28 at 4:16 PM
|The Owner of Saks Fifth Avenue and Lord & Taylor Might Go Private|
fortune.com - August 25 at 10:57 PM
|One year later: The part of Avenue Bank that lives on|
www.bizjournals.com - July 27 at 9:00 PM
|Esquire Financial Holdings, Inc. Announces Closing of Exercise of Underwriter's Option to Purchase Additional Shares|
www.bizjournals.com - July 21 at 10:51 PM
|Gardner Denver Announces Pricing of its Initial Public Offering|
www.businesswire.com - May 11 at 9:13 PM
|Pinnacle's Q4 includes significant revenue increase|
www.bizjournals.com - January 20 at 2:58 AM
|SEC Charges Board Member With Insider Trading During a Board Meeting|
finance.yahoo.com - January 18 at 4:24 PM
|EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against InfuSystem Holdings, Inc. - INFU|
globenewswire.com - December 8 at 9:22 PM
|Pinnacle Financial Board Member Charged With Insider Trading Pleads Guilty|
feeds.benzinga.com - October 22 at 8:40 PM
|Ex-Pinnacle Financial board member accused by U.S. SEC of insider trading|
www.reuters.com - October 21 at 3:41 PM
|SEC charges lawyer with insider trading during board meeting|
www.marketwatch.com - October 21 at 3:41 PM
|[$$] Former Pinnacle Financial Board Member Charged With Insider Trading|
www.wsj.com - October 21 at 3:41 PM
|Former Pinnacle board member pleads guilty to insider trading charge|
www.bizjournals.com - October 21 at 3:41 PM
|Pinnacle Financial Partners (PNFP) Announces Closure of Avenue Financial (AVNU) Acquisition|
www.streetinsider.com - July 1 at 11:44 AM
|$200M Pinnacle-Avenue deal gets OK from regulators, has one last hurdle|
www.bizjournals.com - May 20 at 2:50 PM
|SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Avenue Financial Holdings, Inc. Buyout|
finance.yahoo.com - May 19 at 4:07 PM
|AVENUE FINANCIAL HOLDINGS, INC. Financials|
finance.yahoo.com - May 19 at 1:04 PM
|AVENUE FINANCIAL HOLDINGS, INC. Files SEC form 10-Q, Quarterly Report|
biz.yahoo.com - May 10 at 4:07 PM
|Pinnacle Bank director resigned over suspected insider trading tied to Avenue deal|
www.bizjournals.com - April 19 at 5:34 PM
|AVENUE FINANCIAL HOLDINGS, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statemen|
biz.yahoo.com - April 14 at 4:22 PM
|As Pinnacle reaches $10B mark, it’s not alone — what that means for Nashville and the Southeast|
www.bizjournals.com - March 30 at 3:53 PM
|AVENUE FINANCIAL HOLDINGS, INC. Files SEC form 10-K, Annual Report|
biz.yahoo.com - March 29 at 5:31 PM
|SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Avenue Financial Holdings Inc.|
finance.yahoo.com - March 4 at 6:35 PM
|INVESTOR ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Avenue Financial Holdings, Inc. and Encourages Investors to Contact the Firm for Additional Information|
finance.yahoo.com - February 12 at 4:14 PM
|INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Avenue Financial Holdings, Inc. of an Investigation Concerning the Sale of the Company to Pinnacle Financial Partners, Inc.|
finance.yahoo.com - February 9 at 11:15 AM
|SHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Avenue Financial Holdings, Inc. and Encourages Investors to Contact the Firm for Additional Information|
finance.yahoo.com - February 8 at 4:55 PM
|Avenue Financial Holdings (AVNU) Shares March Higher, Can It Continue?|
finance.yahoo.com - February 8 at 8:18 AM
|AVENUE FINANCIAL SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Avenue Financial Holdings, Inc. - AVNU|
finance.yahoo.com - February 8 at 8:13 AM
|The Acquisition of Avenue Financial Holdings, Inc. May Not Be in the Best Interests of AVNU Shareholders|
finance.yahoo.com - February 4 at 11:21 AM
|SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Avenue Financial Holdings Inc. -AVNU|
finance.yahoo.com - February 2 at 6:52 PM
|Avenue Financial Holdings, Inc. Earnings Q3, 2015|
us.rd.yahoo.com - January 14 at 11:21 AM
|Here's what Nashville's white-hot economy has done for banks' bottom lines|
us.rd.yahoo.com - January 14 at 11:21 AM
Avenue Financial Holdings (AVNU) Chart for Friday, September, 22, 2017