OTCPK:AVBH

Stock Analysis Report

Executive Summary

Avidbank Holdings, Inc. operates as the bank holding company for Avidbank that provides financial products and services to small and middle-market businesses, professionals, and individuals in the San Mateo, San Francisco, and Santa Clara counties.

Rewards

PE ratio (11.2x) is below the US market (18.3x)

Earnings grew by 15.6% over the past year

Risk Analysis

No risks detected for AVBH from our risk checks.


Snowflake Analysis

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has Avidbank Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AVBH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.7%

AVBH

-1.5%

US Banks

0.06%

US Market


1 Year Return

7.4%

AVBH

9.7%

US Banks

19.4%

US Market

Return vs Industry: AVBH underperformed the US Banks industry which returned 9.7% over the past year.

Return vs Market: AVBH underperformed the US Market which returned 19.4% over the past year.


Shareholder returns

AVBHIndustryMarket
7 Day-0.7%-1.5%0.06%
30 Day-0.4%-2.8%1.1%
90 Day-0.8%0.3%8.9%
1 Year7.4%7.4%12.9%9.7%21.9%19.4%
3 Year30.5%30.5%22.5%13.7%48.9%39.3%
5 Year103.3%103.3%72.4%52.8%71.9%53.1%

Price Volatility Vs. Market

How volatile is Avidbank Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Avidbank Holdings undervalued compared to its fair value and its price relative to the market?

11.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AVBH ($24.8) is trading above our estimate of fair value ($22.92)

Significantly Below Fair Value: AVBH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AVBH is good value based on its PE Ratio (11.2x) compared to the Banks industry average (12.6x).

PE vs Market: AVBH is good value based on its PE Ratio (11.2x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AVBH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AVBH is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Avidbank Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.2%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Avidbank Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Avidbank Holdings performed over the past 5 years?

28.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AVBH has high quality earnings.

Growing Profit Margin: AVBH's current net profit margins (27.9%) are lower than last year (28.5%).


Past Earnings Growth Analysis

Earnings Trend: AVBH's earnings have grown significantly by 28.8% per year over the past 5 years.

Accelerating Growth: AVBH's earnings growth over the past year (15.6%) is below its 5-year average (28.8% per year).

Earnings vs Industry: AVBH earnings growth over the past year (15.6%) exceeded the Banks industry 12.3%.


Return on Equity

High ROE: AVBH's Return on Equity (11%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Avidbank Holdings's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: AVBH has a low level of unsold assets or inventory.

Debt Coverage by Assets: AVBH's debt is covered by short term assets (assets are 8.6x debt).


Financial Institutions Analysis

Asset Level: AVBH's level of assets compared to its equity is low.

Allowance for Bad Loans: AVBH has a sufficient allowance for bad loans.

Low Risk Liabilities: AVBH's liabilities are made up of primarily low risk sources of funding.

Loan Level: AVBH has an acceptable proportion of non-loan assets held.

Low Risk Deposits: AVBH's loans are broadly funded by customer deposits.

Level of Bad Loans: AVBH has an appropriate level of bad loans (0.43%)


Next Steps

Dividend

What is Avidbank Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AVBH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate AVBH's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AVBH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AVBH's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AVBH's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average management tenure


CEO

Mark Mordell (59yo)

7.9yrs

Tenure

Mr. Mark D. Mordell is the Founder and Board Member of CBC Properties, LLC. Mr. Mordell has been the Chairman of Avidbank Holdings, Inc. (the “Company”) since February 2007 and has been its Chief Executive ...


Leadership Team

NamePositionTenureCompensationOwnership
Mark Mordell
Chairman & CEO7.9yrsno datano data
Steven Leen
Executive VP & CFO12.1yrsno datano data
Gina Peterson
Executive VP & COO0.4yrsno datano data
Cathe Franklin
Investor Relations Contact4.1yrsno datano data
Kenneth Brenner
Head of Strategic Relationships & Director0yrsno datano data
Jon Krogstad
Senior Vice President of Specialty Finance0yrsno datano data
Dori Hamilton
Executive VP & Chief Banking Officer7.8yrsno datano data
Robert Foley
Senior VP & Northeast Regional Manager of Corporate Finance Division3.9yrsno datano data
Joan Secoquian
Senior VP & Relationship Manager of Corporate Banking3.8yrsno datano data
An Tran
Senior Vice President of Private Banking2.6yrsno datano data

4.1yrs

Average Tenure

Experienced Management: AVBH's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mark Mordell
Chairman & CEO7.9yrsno datano data
Kenneth Brenner
Head of Strategic Relationships & Director0yrsno datano data
Bryan Polster
Lead Independent Director6.1yrsno datano data
Marc Verissimo
Director2.6yrsno datano data
Robert Scott
Director3.1yrsno datano data
Hugh Barton
Director Emeritus0yrsno datano data
Michael Rosinus
Director5.4yrsno datano data
Roxy Rapp
Director12.1yrsno datano data
Lisa Hendrickson
Director0yrsno datano data
Kristofer Biorn
Director11yrsno datano data

6.1yrs

Average Tenure

63yo

Average Age

Experienced Board: AVBH's board of directors are considered experienced (6.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Avidbank Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Avidbank Holdings, Inc.
  • Ticker: AVBH
  • Exchange: OTCPK
  • Founded: 2003
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$150.962m
  • Shares outstanding: 6.09m
  • Website: https://www.avidbank.com

Number of Employees


Location

  • Avidbank Holdings, Inc.
  • 1732 North 1st Street
  • 6th Floor
  • San Jose
  • California
  • 95112
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AVBHOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 2004

Biography

Avidbank Holdings, Inc. operates as the bank holding company for Avidbank that provides financial products and services to small and middle-market businesses, professionals, and individuals in the San Mateo, San Francisco, and Santa Clara counties. The company offers business and personal deposit products, such as checking account, money market account, saving account, and certificates of deposit. Its personal lending products include secured and unsecured lines of credit, home equity lines of credit, remodel and new home construction loans, and term loans; corporate banking offers working capital lines of credit, equipment loans, acquisition financing, shareholder buyouts, ESOP loans, and owner-occupied real estate loans; and commercial real estate lending offers permanent loans and bridge financing products. The company provides financing solutions, such as technology and asset-based lending, and sponsor finance. The company also offers construction lending products, including land acquisition loans, pre-development loans, construction spec SFD, owner-occupied SFD, condominiums, subdivision, unsecured business lines, real estate bridge loans, and RLOC – real estate secured loans. In addition, it provides various services, such as automated clearing house payments and collections, bill pay, wire transfer, lockbox, merchant, remote deposit capture, ATM/debit cards, credit cards, business courier, cash management, and notary services. Avidbank Holdings, Inc. was founded in 2003 and is headquartered in San Jose, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 00:54
End of Day Share Price2020/02/14 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.