Avidbank (OTCMKTS:AVBH) Shares Down 2.3%

Avidbank Holdings, Inc. (OTCMKTS:AVBH) shares dropped 2.3% during trading on Friday . The company traded as low as $18.53 and last traded at $18.79. Approximately 820 shares traded hands during trading, a decline of 85% from the average daily volume of 5,574 shares. The stock had previously closed at $19.23.

Avidbank Price Performance

The stock has a market cap of $146.56 million, a P/E ratio of 6.59 and a beta of 0.66. The business’s 50 day simple moving average is $18.99 and its 200 day simple moving average is $20.22.

Avidbank (OTCMKTS:AVBH) last announced its quarterly earnings results on Monday, January 22nd. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $29.26 million for the quarter, compared to the consensus estimate of $18.92 million. Research analysts predict that Avidbank Holdings, Inc. will post 2.81 earnings per share 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.