Avidbank Holdings (OTC:AVBH – Free Report) – Equities research analysts at DA Davidson reduced their Q3 2024 earnings per share (EPS) estimates for Avidbank in a research note issued to investors on Thursday, October 3rd. DA Davidson analyst G. Tenner now anticipates that the company will earn $0.69 per share for the quarter, down from their previous forecast of $0.70. The consensus estimate for Avidbank’s current full-year earnings is $2.44 per share. DA Davidson also issued estimates for Avidbank’s FY2024 earnings at $2.45 EPS and FY2025 earnings at $2.61 EPS.
Several other equities analysts have also issued reports on AVBH. Stephens dropped their price target on Avidbank from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 23rd. Janney Montgomery Scott assumed coverage on shares of Avidbank in a research report on Friday, July 12th. They set a “neutral” rating and a $21.00 target price on the stock.
Avidbank Price Performance
Shares of OTC AVBH opened at $19.50 on Friday. The company has a market capitalization of $152.49 million, a P/E ratio of 9.38 and a beta of 0.69. Avidbank has a twelve month low of $18.16 and a twelve month high of $22.00. The business’s fifty day moving average price is $19.35.
Avidbank (OTC:AVBH – Get Free Report) last issued its quarterly earnings data on Monday, July 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.22). The firm had revenue of $37.30 million during the quarter, compared to the consensus estimate of $20.56 million.
About Avidbank
Avidbank Holdings, Inc operates as a bank holding company for Avidbank that provides financial products and services to small and middle-market businesses, professionals, and individuals in the Santa Clara, San Mateo, and San Francisco counties. It offers business and personal deposit products, such as checking, money market, and savings accounts; and certificates of deposit.
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