Avidbank (OTCMKTS:AVBH) Stock Price Down 0% – Time to Sell?

Shares of Avidbank Holdings, Inc. (OTCMKTS:AVBH) traded down 0% during mid-day trading on Thursday . The company traded as low as $23.25 and last traded at $23.38. 823 shares traded hands during trading, a decline of 88% from the average session volume of 7,012 shares. The stock had previously closed at $23.39.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Piper Sandler increased their price objective on shares of Avidbank from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Janney Montgomery Scott raised shares of Avidbank from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Tuesday, November 12th.

Avidbank Stock Performance

The company has a market cap of $184.73 million, a price-to-earnings ratio of 11.24 and a beta of 0.69. The stock’s fifty day moving average is $22.16 and its two-hundred day moving average is $20.93.

Avidbank (OTCMKTS:AVBH) last posted its earnings results on Monday, January 27th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.17. On average, equities research analysts expect that Avidbank Holdings, Inc. will post 2.71 EPS for the current year.

Avidbank Company Profile

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.