Avidbank (OTCMKTS:AVBH) Research Coverage Started at Janney Montgomery Scott

Janney Montgomery Scott began coverage on shares of Avidbank (OTCMKTS:AVBH) in a report issued on Friday morning, Marketbeat Ratings reports. The firm issued a neutral rating and a $21.00 price objective on the stock.

Separately, Piper Sandler cut their price objective on Avidbank from $24.00 to $23.00 and set an overweight rating on the stock in a report on Friday, April 19th.

Avidbank Price Performance

OTCMKTS:AVBH opened at $19.50 on Friday. The company’s 50-day moving average is $18.72 and its two-hundred day moving average is $19.13. The firm has a market capitalization of $152.49 million, a price-to-earnings ratio of 9.38 and a beta of 0.69. Avidbank has a 1-year low of $16.85 and a 1-year high of $22.00.

Avidbank (OTCMKTS:AVBH) last posted its earnings results on Wednesday, April 17th. The company reported $0.69 EPS for the quarter, meeting analysts’ consensus estimates of $0.69. The business had revenue of $35.94 million during the quarter, compared to analysts’ expectations of $19.84 million. As a group, equities analysts anticipate 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.