Revenue Update on Avenue Financial Holdings Inc(NASDAQ:AVNU)

Avenue Financial Holdings Inc(NASDAQ:AVNU) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during After-hours on Apr 14, 2016. Earnings per share were $0.14.

Avenue Financial Holdings Inc (AVNU) made into the market gainers list on Mondays trading session with the shares advancing 1.19% or 0.24 points. Due to strong positive momentum, the stock ended at $20.33, which is also near the day’s high of $20.46. The stock began the session at $19.88 and the volume stood at 60,582 shares. The 52-week high of the shares is $21.52 and the 52 week low is $11.48. The company has a current market capitalization of $211 M and it has 1,03,57,750 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 18, 2016, James Peter Mccann (EVP & Dir of Mtge Lending) sold 2,964 shares at $18.75 per share price.Also, On Aug 13, 2015, David B Ingram (director) purchased 40,000 shares at $13.00 per share price.On Feb 11, 2015, Ken Robold (director) purchased 1,500 shares at $11.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Avenue Financial Holdings Inc. is a bank holding company. The Company operates primarily through its subsidiary Avenue Bank (the Bank). 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.

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