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

Avidbank Holdings, Inc. (OTCMKTS:AVBH) – Equities research analysts at 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 post earnings per share of $0.67 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.

Avidbank (OTCMKTS:AVBH) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $18.92 million.

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

Avidbank Price Performance

OTCMKTS:AVBH opened at $19.25 on Tuesday. The business’s 50-day simple moving average is $18.95 and its two-hundred day simple moving average is $20.08. The stock has a market cap of $150.15 million, a PE ratio of 9.25 and a beta of 0.66. Avidbank has a 52 week low of $13.25 and a 52 week high of $22.00.

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.