Avidbank (OTC:AVBH) Now Covered by Janney Montgomery Scott

Janney Montgomery Scott began coverage on shares of Avidbank (OTC:AVBH) in a research report sent to investors on Friday, MarketBeat reports. The brokerage issued a neutral rating and a $21.00 target price on the stock.

Avidbank Price Performance

Shares of AVBH opened at $19.60 on Friday. Avidbank has a 52-week low of $17.66 and a 52-week high of $22.00. The company has a market capitalization of $153.27 million, a P/E ratio of 9.42 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.