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

Avidbank (OTCMKTS:AVBH) had its price target raised by stock analysts at Piper Sandler from $24.00 to $25.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price target points to a potential upside of 14.68% from the company’s current price.

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

Avidbank Stock Performance

Shares of Avidbank stock traded up $0.21 during trading hours on Wednesday, hitting $21.80. The company’s stock had a trading volume of 800 shares, compared to its average volume of 2,236. The firm has a fifty day moving average of $21.52 and a 200-day moving average of $20.36. The stock has a market cap of $172.22 million, a price-to-earnings ratio of 10.48 and a beta of 0.69. Avidbank has a twelve month low of $18.16 and a twelve month high of $22.49.

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

Avidbank Company Profile

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.