Avidbank (OTCMKTS:AVBH – Free Report) had its target price cut by Piper Sandler from $24.00 to $23.00 in a research note released on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.
Avidbank Price Performance
AVBH stock opened at $19.24 on Friday. The company’s fifty day simple moving average is $18.95 and its 200 day simple moving average is $20.10. Avidbank has a 12-month low of $13.25 and a 12-month high of $22.00. The firm has a market cap of $150.07 million, a price-to-earnings ratio of 9.25 and a beta of 0.66.
Avidbank (OTCMKTS:AVBH – Get Free Report) last issued its earnings results on Monday, January 22nd. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $29.26 million during the quarter, compared to the consensus estimate of $18.92 million. Research analysts expect that Avidbank will post 2.81 earnings per share for the current 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.
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