Avidbank (OTCMKTS:AVBH) Cut to Hold at Zacks Investment Research – Defense World

Posted by admin on May 4th, 2022
Zacks Investment Research cut shares of Avidbank (OTCMKTS:AVBHGet Rating) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning, Zacks.com reports.
According to Zacks, “Avidbank Holdings, Inc. is a locally owned and managed, California State chartered commercial bank. It provides financial solutions and service to its clients. The bank accepts deposits and offers commercial loans, construction loans, real estate loans, personal loans, business lines of credit and home equity lines of credit. It also offers foreign exchange services, complimentary notary services, merchant services, traveler’s checks and mobile banking along with other services. Avidbank Holdings, Inc., formally known as Peninsula Bank Holding Co., is based in Palo Alto, California. “
Shares of AVBH opened at $22.91 on Tuesday. The company has a market capitalization of $143.35 million, a PE ratio of 9.88 and a beta of 0.87. Avidbank has a 12 month low of $21.21 and a 12 month high of $27.00. The stock’s 50-day moving average price is $25.45 and its two-hundred day moving average price is $25.21.

Avidbank (OTCMKTS:AVBHGet Rating) last announced its earnings results on Wednesday, April 20th. The company reported $0.71 EPS for the quarter. The company had revenue of $16.34 million for the quarter. Equities research analysts forecast that Avidbank will post 2.9 EPS for the current fiscal year.
Avidbank Company Profile (Get Rating)
Avidbank Holdings, Inc operates as a bank holding company for Avidbank that provides financial products and services to small and middle-market businesses, professionals, and individuals in the Santa Clara, San Mateo, and San Francisco counties. It offers business and personal deposit products, such as checking, money market, and savings accounts; and certificates of deposit.
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