Avidbank (OTC:AVBH) Stock Rating Upgraded by Janney Montgomery Scott

Janney Montgomery Scott upgraded shares of Avidbank (OTC:AVBH) from a neutral rating to a buy rating in a research report released on Tuesday, Marketbeat reports. Janney Montgomery Scott currently has $26.00 price target on the stock.

Separately, Stephens decreased their target price on shares of Avidbank from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 23rd.

Avidbank Price Performance

Avidbank stock opened at $21.94 on Tuesday. The business’s 50 day moving average is $20.05. Avidbank has a 12 month low of $18.16 and a 12 month high of $22.00. The stock has a market capitalization of $172.69 million, a PE ratio of 11.19 and a beta of 0.68.

Avidbank (OTC:AVBH) last released its earnings results on Monday, October 21st. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.65 by $0.12. The firm had revenue of $38.43 million during the quarter, compared to analyst estimates of $20.18 million. Sell-side analysts expect that Avidbank will post 2.55 EPS for the current fiscal 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.