Janney Montgomery Scott upgraded shares of Avidbank (OTC:AVBH - Free Report) from a neutral rating to a buy rating in a research report released on Tuesday, MarketBeat.com reports. They currently have $26.00 price target on the stock.
Separately, Stephens dropped their target price on Avidbank from $24.00 to $23.00 and set an "overweight" rating on the stock in a report on Tuesday, July 23rd.
Read Our Latest Report on Avidbank
Avidbank Trading Up 0.9 %
Shares of Avidbank stock traded up $0.20 during trading on Tuesday, reaching $21.70. The company's stock had a trading volume of 1,601 shares, compared to its average volume of 4,621. The company has a market cap of $170.80 million, a P/E ratio of 11.07 and a beta of 0.68. The firm has a 50-day simple moving average of $19.91. Avidbank has a 52-week low of $18.16 and a 52-week high of $22.00.
Avidbank (OTC:AVBH - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.12. The firm had revenue of $38.43 million for the quarter, compared to the consensus estimate of $20.18 million. As a group, analysts predict that Avidbank will post 2.55 EPS for the current fiscal year.
Avidbank Company Profile
(
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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.
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