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

Avidbank Holdings, Inc. (OTCMKTS:AVBH) – DA Davidson issued their Q2 2024 earnings per share estimates for shares of Avidbank in a report released on Monday, April 22nd. DA Davidson analyst G. Tenner anticipates that the company will earn $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 FY2024 earnings at $2.82 EPS and FY2025 earnings at $3.03 EPS.

Avidbank (OTCMKTS:AVBH) last announced its quarterly earnings data on Monday, January 22nd. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. The firm had revenue of $29.26 million for the quarter, compared to the consensus estimate 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 report on Friday, April 19th.

Avidbank Price Performance

Shares of OTCMKTS AVBH opened at $19.25 on Wednesday. Avidbank has a 1-year low of $13.25 and a 1-year high of $22.00. The business’s fifty day moving average price is $18.95 and its two-hundred day moving average price is $20.08. The firm has a market capitalization of $150.15 million, a PE 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.