Wall Street Zen upgraded shares of Avidbank (NASDAQ:AVBH - Free Report) to a hold rating in a research note issued to investors on Saturday.
Other equities research analysts have also issued research reports about the stock. DA Davidson upped their target price on shares of Avidbank from $27.00 to $31.50 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. Piper Sandler began coverage on shares of Avidbank in a research note on Tuesday, September 2nd. They issued an "overweight" rating and a $31.00 price objective for the company. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $31.25.
Read Our Latest Report on Avidbank
Avidbank Trading Up 0.1%
Shares of AVBH traded up $0.02 on Friday, reaching $25.93. The company's stock had a trading volume of 2,089 shares, compared to its average volume of 18,183. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.96 and a quick ratio of 0.96. Avidbank has a twelve month low of $19.32 and a twelve month high of $26.59. The firm has a market capitalization of $283.67 million, a PE ratio of 8.45 and a beta of 0.59.
Avidbank (NASDAQ:AVBH - Get Free Report) last posted its earnings results on Monday, August 25th. The company reported $0.75 earnings per share for the quarter, hitting analysts' consensus estimates of $0.75. Avidbank had a net margin of 15.89% and a return on equity of 11.51%. The company had revenue of $21.83 million for the quarter.
Avidbank Company Profile
(
Get Free Report)
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.
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