Avidbank (NASDAQ:AVBH) Price Target Raised to $31.50 at DA Davidson

Avidbank (NASDAQ:AVBH) had its target price upped by equities research analysts at DA Davidson from $27.00 to $31.50 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s price objective suggests a potential upside of 25.00% from the company’s current price.

Separately, Piper Sandler began coverage on shares of Avidbank in a research note on Tuesday. They issued an “overweight” rating and a $31.00 price objective for the company. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $31.25.

Avidbank Price Performance

AVBH stock traded up $0.10 during mid-day trading on Tuesday, hitting $25.20. 4,539 shares of the company were exchanged, compared to its average volume of 14,008. Avidbank has a 12-month low of $19.32 and a 12-month high of $26.59. The firm has a market cap of $265.15 million, a PE ratio of 8.21 and a beta of 0.59.

Avidbank (NASDAQ:AVBH) last posted its quarterly earnings data on Monday, August 25th. The company reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The business had revenue of $21.83 million during the quarter.

Avidbank Company Profile

Avidbank Holdings, Inc operates as a bank holding company for Avidbank that provides financial products and services to small and middle-market businesses, professionals, and individuals in the Santa Clara, San Mateo, and San Francisco counties. It offers business and personal deposit products, such as checking, money market, and savings accounts; and certificates of deposit.