DA Davidson Issues Optimistic Estimate for Avidbank Earnings

Avidbank Holdings (OTC:AVBH) – Investment analysts at DA Davidson upped their FY2024 EPS estimates for Avidbank in a research report issued 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 prior estimate of $2.45. The consensus estimate for Avidbank’s current full-year earnings is $2.43 per share. DA Davidson also issued estimates for Avidbank’s FY2025 earnings at $2.64 EPS.

Avidbank (OTC:AVBH) last posted its quarterly earnings data on Monday, October 21st. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.12. The business had revenue of $38.43 million during the quarter, compared to analyst estimates of $20.18 million.

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

Avidbank Trading Up 0.6 %

OTC AVBH opened at $20.37 on Friday. The firm has a market capitalization of $159.29 million, a price-to-earnings ratio of 9.79 and a beta of 0.69. Avidbank has a one year low of $18.16 and a one year high of $22.00. The company has a fifty day simple moving average of $19.58.

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.