DA Davidson Has Strong Estimate for Avidbank FY2024 Earnings

Avidbank Holdings, Inc. (OTCMKTS:AVBH) – Analysts at DA Davidson boosted their FY2024 EPS estimates for Avidbank in a report released on Wednesday, October 23rd. DA Davidson analyst G. Tenner now forecasts that the company will post earnings of $2.60 per share for the year, up from their previous estimate of $2.45. The consensus estimate for Avidbank’s current full-year earnings is $2.71 per share. DA Davidson also issued estimates for Avidbank’s FY2025 earnings at $2.64 EPS.

Several other research analysts also recently commented on AVBH. Janney Montgomery Scott assumed coverage on shares of Avidbank in a report on Friday, July 12th. They issued a “neutral” rating and a $21.00 price objective for the company. Stephens dropped their target price on Avidbank from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 23rd.

Avidbank Stock Up 0.6 %

Shares of OTCMKTS:AVBH opened at $20.25 on Friday. The company has a 50-day moving average price of $19.56 and a two-hundred day moving average price of $19.10. Avidbank has a twelve month low of $18.16 and a twelve month high of $22.00. The firm has a market capitalization of $158.36 million, a PE ratio of 9.74 and a beta of 0.69.

Avidbank (OTCMKTS:AVBH) last announced its earnings results on Monday, October 21st. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. The business had revenue of $38.43 million during the quarter, compared to analysts’ expectations of $20.18 million.

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.