Last $11.55 USD
Change Today 0.00 / 0.00%
Volume 0.0
AVBH On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

avidbank holdings inc (AVBH) Snapshot

Open
$11.52
Previous Close
$11.55
Day High
$11.55
Day Low
$11.52
52 Week High
12/24/13 - $12.00
52 Week Low
10/2/13 - $10.31
Market Cap
30.2M
Average Volume 10 Days
1.2K
EPS TTM
$0.49
Shares Outstanding
2.6M
EX-Date
--
P/E TM
23.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for AVIDBANK HOLDINGS INC (AVBH)

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avidbank holdings inc (AVBH) Details

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 California counties of San Mateo and Santa Clara. It accepts various deposit products, including checking accounts, money market checking accounts, savings accounts, and certificates of deposit. The company’s loan products comprise secured and unsecured lines of credit, home equity lines of credit, remodel and new home construction loans, term loans, overdraft protection, business lines of credit, equipment financing, acquisition financing, employee stock option loans, technology and asset-based lending, standby letters of credit, and commercial revolving lines of credit, as well as real estate mortgage, real estate construction, commercial, and consumer loans. It also provides various services, such as ATM/debit cards, online banking and bill pay, foreign and domestic wire transfer, safe deposit boxes, complimentary notary, foreign currency, postage-paid bank by mail, merchant, remote deposit capture, ACH origination, business courier, night deposit, and cash management services, as well as tax deposits/electronic federal tax payment systems. The company was formerly known as Peninsula Bank Holding Co. and changed its name to Avidbank Holdings, Inc. in August 2011. The company was founded in 2003 and is headquartered in Palo Alto, California.

avidbank holdings inc (AVBH) Top Compensated Officers

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Executives, Board Directors

avidbank holdings inc (AVBH) Key Developments

Avidbank Holdings, Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Avidbank Holdings, Inc. announced unaudited earnings results for the second quarter and six months ended June 30, 2014. The company announced net income applicable to common shareholders of $696,000 for the second quarter of 2014 compared to $838,000 for the same period in 2013. Results for the 2013 period included $681,000 in gains from the sale of investment securities compared to none in the 2014 period. Diluted earnings per common share were $0.16 for the second quarter of 2014, compared to $0.30 for the second quarter of 2013. Total interest income was $4,375,000, compared to $4,117,000 for the last year. Net interest income was $4,166,000, compared to $3,828,000 for the last year. Return on average assets was 0.60% compared to 0.88% for the last year. Return on average common equity was 5.62% compared to 9.86% for the last year. Net income applicable to common shareholders was $1,105,000 for the first six months of 2014, compared to $1,268,000 for the first six months of 2013. Results for the 2013 period included $681,000 in gains from the sale of investment securities compared to none in the 2014 period. Diluted earnings per common share were $0.25 for the first six months of 2014, compared to $0.47 for the first six months of 2013. Book value per common share was $11.51 as on June 30, 2014, compared to $11.03 as on June 30, 2013. Total interest income was $8,251,000, compared to $8,297,000 for the last year. Net interest income was $7,798,000, compared to $7,690,000 for the last year. Return on average assets was 0.46% compared to 0.69% for the last year. Return on average common equity was 4.51% compared to 8.25% for the last year.

Avidbank Holdings, Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Avidbank Holdings, Inc. reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net income applicable to common shareholders was $408,000 or $0.09 diluted earnings per share against $430,000 or $0.16 diluted earnings per share a year ago. Total interest income was $3,875,000 and net interest income was $3,631,000 against total interest income of $4,180,000 and net interest income of $3,862,000 a year ago. Income before income taxes was $680,000 against $891,000 a year ago. Return on average assets was 0.34% and return on average common equity was 3.35% against return on average assets of 0.49% and return on average common equity of 6.37% a year ago. Book value per common share was $11.34 against $12.37 a year ago.

Avidbank Holdings, Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Avidbank Holdings, Inc. announced unaudited earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total interest income of $3,978,000 against $4,393,000 a year ago. Net interest income was $3,698,000 against $4,004,000 a year ago. Net interest income after provision for loan losses was $3,698,000 against $3,624,000 a year ago. Income before income taxes was $839,000 against $1,225,000 a year ago. Net income applicable to common shareholders was $635,000 against $579,000 a year ago. Diluted earnings per share were $0.15 against $0.22 a year ago. Return on average assets was 0.52% against 0.64% a year ago. Return on average common equity was $5.29% against 8.34% a year ago. For the year, the company reported total interest income of $16,371,000 against $17,010,000 a year ago. Net interest income was $15,204,000 against $15,170,000 a year ago. Net interest income after provision for loan losses was $14,959,000 against $14,690,000 a year ago. Income before income taxes was $4,048,000 against $4,803,000 a year ago. Net income applicable to common shareholders was $2,298,000 against $2,400,000 a year ago. Diluted earnings per share were $0.64 against $0.91 a year ago. Return on average assets was 0.57% against 0.72% a year ago. Return on average common equity was $6.23% against 9.05% a year ago. Book value per common share was $11.21 against $12.20 a year ago.

 

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Industry Analysis

AVBH

Industry Average

Valuation AVBH Industry Range
Price/Earnings 23.8x
Price/Sales 3.1x
Price/Book 1.0x
Price/Cash Flow 13.8x
TEV/Sales NM Not Meaningful
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