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Last $12.60 USD
Change Today 0.00 / 0.00%
Volume 0.0
AVBH On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 06/26/15 All times are local (Market data is delayed by at least 15 minutes).

avidbank holdings inc (AVBH) Snapshot

Open
$12.60
Previous Close
$12.60
Day High
$12.60
Day Low
$12.50
52 Week High
01/9/15 - $12.95
52 Week Low
09/19/14 - $11.45
Market Cap
55.5M
Average Volume 10 Days
571.8
EPS TTM
$0.61
Shares Outstanding
4.4M
EX-Date
--
P/E TM
20.5x
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 Counties. The company accepts various deposit products, such as checking accounts, money market checking accounts, savings accounts, and certificates of deposit. Its loan products include 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, ESOP loans, technology and asset-based lending, and standby letters of credit. The company also offers land acquisition loans, pre-development loans, and construction loans on residential, commercial, and mixed-use properties; real estate mortgage, commercial, and consumer loans; and commercial revolving lines of credit, as well as real estate bridge financing services. In addition, it provides various services, including ATM/debit cards, online banking and bill pay, eBanking, foreign and domestic wire transfer, credit cards, safe deposit boxes, complimentary notary, cashier’s checks, 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/EFTPs. The company was founded in 2003 and is headquartered in Palo Alto, California.

62 Employees
Last Reported Date: 05/5/15
Founded in 2003

avidbank holdings inc (AVBH) Top Compensated Officers

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Executives, Board Directors

avidbank holdings inc (AVBH) Key Developments

Kalimantan Gold Corporation Limited Receives the Key Indonesian Government Permit to Immediately Commence its 2015 Work Program at Beruang Kanan Copper Project

Kalimantan Gold Corporation Limited announced that it has now received the key Indonesian Government permit required to immediately commence its planned 2015 work program at Beruang Kanan copper project located on the Company's 100% owned KSK Contract of Work in Central Kalimantan, Indonesia. The Capital Investment Coordinating Board in consultation with the Ministry of Environment and Forestry and the Ministry of Energy and Mineral Resources formally issued the Company with a forestry permit renewal on April 23, 2015. The permit, received by the Company on May 1, 2015, is valid for a period of two years and authorizes the company to carry out both surface and drilling activities over permitted areas of the COW. On April 23, 2015 the COW also entered the fifth year of the Exploration Period, being the date that the forestry permit was officially renewed. Initial drilling at the BK Main Resource aims to extend and upgrade confidence of the near surface higher grade copper mineralization intersected in earlier programs. Field preparations including re-establishment of pre-existing roads, access trails and camp facilities have advanced quickly. Initial drilling is planned on sites prepared previously (2012-2013) using two drill rigs which have been stored at the BK project camp. Drilling is underway and as planned drill holes are short, each is expected to be completed within 2-3 days. First assay results are anticipated in early May, 2015. KLG is planning to rapidly advance the BK Main deposit through to scoping study stage over the course of 2015. An extensive program of resource infill and expansion drilling, metallurgical test work and mining studies is planned, subject to positive results and the availability of ongoing funding. Several nearby prospects, Beruang Kanan South "BKS", Beruang Kanan West "BKW" and Beruang Kanan Polymetallic "BKZ" have potential for additional mineralization and will be scout drill tested.

Avidbank Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Avidbank Holdings, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company announced net income of $374,000 compared to $408,000 for the same period in 2014. Net interest income was $5,057,000, an increase of $1,426,000 over the $3,631,000 achieved in the first quarter of 2014. The 39% increase over the prior year quarter reflects the improved earnings potential resulting from loan growth. Diluted earnings per common share were $0.08 compared to $0.09 for the first quarter of 2014. Net interest income before provision for loan losses was $5.1 million, an increase of $1.4 million or 39% compared to the first quarter of 2014. The increase was primarily the result of higher loans outstanding. Total interest income was $5,242,000 compared to $3,875,000 a year ago. Income before income taxes was $597,000 compared to $680,000 a year ago. Return on average assets was 0.30% compared to 0.34% a year ago. Return on average common equity was 2.85% compared to 3.35% a year ago.

Avidbank Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Avidbank Holdings, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total interest income of $4,653,000 compared with $3,978,000 for the same period a year ago. Net interest income was $4,483,000 compared with $3,698,000 for the same period a year ago. Income before income taxes was $1,571,000 compared with $839,000 for the same period a year ago. Net income applicable to common shareholders was $996,000 or $0.22 per diluted share compared with $635,000 or $0.15 per diluted share for the same period a year ago. Return on average assets was 0.83% compared with 0.52% for the same period a year ago. Return on average common equity was 7.95% compared with 5.29% for the same period a year ago. For the year, the company reported total interest income of $17,174,000 compared with $16,371,000 for the same period a year ago. Net interest income was $16,376,000 compared with $15,204,000 for the same period a year ago. Income before income taxes was $4,540,000 compared with $4,048,000 for the same period a year ago. Net income applicable to common shareholders was $2,744,000 or $0.62 per diluted share compared with $2,298,000 or $0.64 per diluted share for the same period a year ago. Return on average assets was 0.57% compared with 0.57% for the same period a year ago. Return on average common equity was 5.54% compared with 6.23% for the same period a year ago. Book value per share was $11.84 against $11.21 a year ago. Net income for 2014 grew by 9% over 2013 primarily due to higher loans outstanding and the need for a smaller loan loss provision.

 

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Industry Analysis

AVBH

Industry Average

Valuation AVBH Industry Range
Price/Earnings 20.6x
Price/Sales 3.0x
Price/Book 1.1x
Price/Cash Flow 12.1x
TEV/Sales NM Not Meaningful
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