Avenue Financial Holdings Inc (NASDAQ:AVNU) released its quarterly earnings results on Thursday. The financial services provider reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03, Marketbeat.com reports.

Several equities analysts have recently commented on AVNU shares. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $15.00 target price (up from $14.00) on shares of Avenue Financial Holdings in a research note on Monday, October 26th. Zacks Investment Research upgraded Avenue Financial Holdings from a “hold” rating to a “strong-buy” rating and set a $16.00 target price for the company in a research note on Wednesday, November 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $14.67.

Shares of Avenue Financial Holdings (NASDAQ:AVNU) opened at 13.71 on Friday. The firm has a market capitalization of $141.24 million and a price-to-earnings ratio of 21.73. Avenue Financial Holdings has a 52-week low of $11.48 and a 52-week high of $15.00. The company’s 50 day moving average price is $13.53 and its 200 day moving average price is $13.30.

Avenue Financial Holdings, Inc. is a bank holding company. The Company operates primarily through its subsidiary, Avenue Bank (NASDAQ:AVNU). Through its wholly owned subsidiary, it operates five service banking offices. It is focused primarily on commercial and private banking. Additionally, it operates a mobile branch used to pick up non-cash client deposits. Its principal business is to provide traditional lending and deposit services to clients, particularly through its commercial and private banking departments. It is organized into various banking teams, such as commercial banking, private banking, business banking, mortgage banking and concierge banking. The areas of industry focus are music and entertainment, healthcare and not-for-profit banking. It has six loan segments include residential real estate, commercial and industrial, commercial real estate, construction and land development, consumer and other. It offers an array of deposit and commercial treasury services.

12 Month Chart for NASDAQ:AVNU

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