DA Davidson Weighs in on Avidbank Holdings, Inc.’s FY2024 Earnings (OTCMKTS:AVBH)

Avidbank Holdings, Inc. (OTCMKTS:AVBH) – DA Davidson lowered their FY2024 EPS estimates for shares of Avidbank in a research note issued on Monday, April 22nd. DA Davidson analyst G. Tenner now expects that the company will earn $2.82 per share for the year, down from their prior estimate of $3.03. The consensus estimate for Avidbank’s current full-year earnings is $2.69 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.

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

Avidbank Trading Down 0.2 %

AVBH stock opened at $19.22 on Wednesday. The firm has a 50-day moving average of $18.97 and a two-hundred day moving average of $20.05. The company has a market cap of $149.92 million, a price-to-earnings ratio of 9.24 and a beta of 0.66. Avidbank has a 12 month low of $13.25 and a 12 month high of $22.00.

Avidbank (OTCMKTS:AVBH) last released its quarterly earnings data on Monday, January 22nd. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates 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.

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.