Avidbank (OTCMKTS:AVBH) PT Lowered to $23.00 at Stephens

Avidbank (OTCMKTS:AVBH) had its price objective lowered by Stephens from $24.00 to $23.00 in a report released on Tuesday morning, Benzinga reports. Stephens currently has an overweight rating on the stock.

AVBH has been the topic of several other reports. Janney Montgomery Scott began coverage on Avidbank in a research report on Friday, July 12th. They set a neutral rating and a $21.00 target price on the stock. Piper Sandler reduced their target price on Avidbank from $24.00 to $23.00 and set an overweight rating on the stock in a research report on Friday, April 19th.

Avidbank Stock Up 1.1 %

AVBH opened at $19.11 on Tuesday. The firm has a market cap of $149.44 million, a P/E ratio of 9.19 and a beta of 0.69. Avidbank has a 52 week low of $18.25 and a 52 week high of $22.00. The business’s fifty day simple moving average is $18.76 and its 200 day simple moving average is $19.05.

Avidbank (OTCMKTS:AVBH) last released its earnings results on Monday, July 22nd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.22). The company had revenue of $37.30 million during the quarter, compared to analysts’ expectations of $20.56 million. As a group, equities analysts expect that Avidbank will post 2.71 EPS 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.