Avidbank (NASDAQ:AVBH) Rating Increased to Hold at Wall Street Zen

Avidbank (NASDAQ:AVBH) was upgraded by analysts at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other research firms also recently commented on AVBH. Piper Sandler initiated coverage on shares of Avidbank in a report on Tuesday, September 2nd. They issued an “overweight” rating and a $31.00 price objective for the company. DA Davidson lifted their price objective on shares of Avidbank from $27.00 to $31.50 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Avidbank has a consensus rating of “Buy” and an average price target of $31.25.

Avidbank Price Performance

Avidbank stock opened at $26.23 on Friday. Avidbank has a 52 week low of $19.32 and a 52 week high of $26.59. The company has a market cap of $275.94 million, a PE ratio of 8.54 and a beta of 0.59.

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

About Avidbank

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.