Avidbank (OTCMKTS:AVBH - Get Free Report) was upgraded by research analysts at Janney Montgomery Scott from a "neutral" rating to a "buy" rating in a report released on Tuesday, MarketBeat.com reports. The firm presently has a $26.00 price target on the stock. Janney Montgomery Scott's price target would indicate a potential upside of 18.29% from the stock's previous close.
Separately, Stephens decreased their price target on shares of Avidbank from $24.00 to $23.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 23rd.
Check Out Our Latest Analysis on Avidbank
Avidbank Stock Performance
Shares of AVBH traded up $0.28 during trading hours on Tuesday, hitting $21.98. The company had a trading volume of 3,923 shares, compared to its average volume of 4,617. The stock has a market capitalization of $173.00 million, a price-to-earnings ratio of 11.07 and a beta of 0.68. The firm has a fifty day moving average price of $19.91 and a 200-day moving average price of $19.25. Avidbank has a 52-week low of $18.16 and a 52-week high of $22.00.
Avidbank (OTCMKTS:AVBH - Get Free Report) last released its earnings results on Monday, October 21st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.09. The company had revenue of $38.43 million for the quarter, compared to analysts' expectations of $20.18 million. Research analysts anticipate that Avidbank will post 2.71 earnings per share 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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