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

Avidbank (OTCMKTS:AVBH) had its price objective raised by Piper Sandler from $24.00 to $25.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Separately, Janney Montgomery Scott raised 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 4.9 %

Shares of OTCMKTS:AVBH opened at $23.39 on Wednesday. The company has a 50 day moving average of $21.56 and a two-hundred day moving average of $20.41. Avidbank has a 52-week low of $18.16 and a 52-week high of $23.39. The company has a market capitalization of $184.78 million, a price-to-earnings ratio of 11.25 and a beta of 0.69.

Avidbank (OTCMKTS:AVBH) last released its quarterly earnings results on Monday, January 27th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.17. On average, equities analysts anticipate that Avidbank will post 2.71 earnings per share for the current 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.