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

Avidbank (OTC:AVBH) had its target price decreased by analysts at Piper Sandler from $24.00 to $23.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price target indicates a potential upside of 19.48% from the company’s current price.

Avidbank Price Performance

Shares of AVBH traded up $0.01 during trading hours on Friday, hitting $19.25. 1,615 shares of the company were exchanged, compared to its average volume of 4,979. Avidbank has a fifty-two week low of $13.25 and a fifty-two week high of $22.00.

About Avidbank

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.