DA Davidson Weighs in on Avidbank Holdings, Inc.’s Q2 2024 Earnings (OTCMKTS:AVBH)

Avidbank Holdings, Inc. (OTCMKTS:AVBH) – Stock analysts at DA Davidson issued their Q2 2024 earnings per share estimates for shares of Avidbank in a research note issued on Monday, April 22nd. DA Davidson analyst G. Tenner forecasts that the company will post earnings of $0.67 per share for the quarter. The consensus estimate for Avidbank’s current full-year earnings is $2.76 per share. DA Davidson also issued estimates for Avidbank’s Q2 2024 earnings at $0.67 EPS, FY2025 earnings at $3.03 EPS and FY2025 earnings at $3.03 EPS.

Separately, Piper Sandler dropped their price objective on Avidbank from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, April 19th.

Avidbank Price Performance

Shares of AVBH stock opened at $19.25 on Tuesday. The stock has a fifty day moving average price of $18.95 and a 200 day moving average price of $20.08. Avidbank has a one year low of $13.25 and a one year high of $22.00. The stock has a market cap of $150.15 million, a P/E ratio of 9.25 and a beta of 0.66.

Avidbank (OTCMKTS:AVBH) last announced its earnings results on Monday, January 22nd. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $29.26 million for the quarter, compared to the consensus estimate of $18.92 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.