FY2024 EPS Estimates for Avidbank Holdings, Inc. (OTCMKTS:AVBH) Cut by DA Davidson

Avidbank Holdings, Inc. (OTCMKTS:AVBH) – Stock analysts at DA Davidson cut their FY2024 earnings per share (EPS) estimates for Avidbank in a research report issued to clients and investors on Monday, April 22nd. DA Davidson analyst G. Tenner now expects that the company will post earnings per share of $2.82 for the year, down from their previous forecast of $3.03. 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, FY2024 earnings at $2.82 EPS, FY2025 earnings at $3.03 EPS and FY2025 earnings at $3.03 EPS.

Avidbank (OTCMKTS:AVBH) last issued its quarterly earnings data on Monday, January 22nd. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The business had revenue of $29.26 million during the quarter, compared to analyst estimates of $18.92 million.

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

Avidbank Stock Performance

Shares of AVBH opened at $19.25 on Wednesday. Avidbank has a 12 month low of $13.25 and a 12 month high of $22.00. The stock’s 50 day moving average is $18.95 and its two-hundred day moving average is $20.08. The firm has a market cap of $150.15 million, a P/E ratio of 9.25 and a beta of 0.66.

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.