Avidbank (OTC:AVBH) Price Target Cut to $23.00

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

Separately, Janney Montgomery Scott started coverage on Avidbank in a research note on Friday, July 12th. They set a neutral rating and a $21.00 target price for the company.

Avidbank Stock Up 1.3 %

AVBH opened at $18.90 on Tuesday. Avidbank has a twelve month low of $18.25 and a twelve month high of $22.00. The firm has a market cap of $148.93 million, a P/E ratio of 9.09 and a beta of 0.69.

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.