Avidbank (NASDAQ:AVBH) Posts Earnings Results, Hits Expectations

Avidbank (NASDAQ:AVBH) released its earnings results on Monday. The company reported $0.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.75, Zacks reports. The firm had revenue of $21.83 million for the quarter.

Avidbank Stock Up 0.3%

Avidbank stock traded up $0.07 during mid-day trading on Tuesday, hitting $24.52. The company had a trading volume of 21,379 shares, compared to its average volume of 13,863. The firm has a market capitalization of $258.00 million, a P/E ratio of 7.99 and a beta of 0.53. Avidbank has a 1 year low of $19.25 and a 1 year high of $26.59.

About Avidbank

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.