Avidbank (OTCMKTS:AVBH) Price Target Raised to $25.00 at Piper Sandler

Avidbank (OTCMKTS:AVBH) had its price target hoisted by Piper Sandler from $24.00 to $25.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Separately, Janney Montgomery Scott upgraded shares of Avidbank from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, November 12th.

Avidbank Stock Up 0.2 %

Shares of OTCMKTS AVBH opened at $21.85 on Wednesday. Avidbank has a 12 month low of $18.16 and a 12 month high of $22.49. The company has a market cap of $172.62 million, a price-to-earnings ratio of 10.50 and a beta of 0.69. The business has a fifty day simple moving average of $21.52 and a 200-day simple moving average of $20.37.

Avidbank (OTCMKTS:AVBH) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.17. As a group, sell-side analysts expect that Avidbank will post 2.71 EPS for the current fiscal year.

About Avidbank

Avidbank Holdings, Inc operates as a bank holding company for Avidbank that provides financial products and services to businesses and individuals in the Santa Clara, San Mateo, and San Francisco counties. The company offers business and personal deposit products, such as checking, money market, and savings accounts; and certificates of deposit.