Avidbank Holdings price target raised to $31.50 from $27 at DA Davidson

DA Davidson raised the firm’s price target on Avidbank Holdings (AVBH) to $31.50 from $27 and keeps a Buy rating on the shares. The company reported a solid quarter after completing its $69M IPO, with essentially all arrows pointing upward, including loan and deposit growth, net interest margin and income momentum, flat expenses, and nil net charge-offs, the analyst tells investors in a research note.