Avidbank Holdings, Inc. Expected to Earn Q2 2024 Earnings of $0.67 Per Share (OTCMKTS:AVBH)

Avidbank Holdings, Inc. (OTCMKTS:AVBH) – DA Davidson issued their Q2 2024 earnings estimates for shares of Avidbank in a research report issued to clients and investors on Monday, April 22nd. DA Davidson analyst G. Tenner forecasts that the company will post earnings per share of $0.67 for the quarter. The consensus estimate for Avidbank’s current full-year earnings is $2.81 per share. DA Davidson also issued estimates for Avidbank’s FY2025 earnings at $3.03 EPS.

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

Avidbank Price Performance

AVBH stock opened at $19.25 on Tuesday. Avidbank has a 1-year low of $13.25 and a 1-year high of $22.00. The business has a 50 day simple moving average of $18.95 and a two-hundred day simple moving average of $20.10. The company has a market capitalization of $150.23 million, a price-to-earnings ratio of 9.25 and a beta of 0.66.

Avidbank (OTCMKTS:AVBH) last issued its earnings results on Monday, January 22nd. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. The firm had revenue of $29.26 million during 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.