FY2024 Earnings Forecast for Avidbank Issued By DA Davidson

Avidbank Holdings (OTC:AVBH) – Equities researchers at DA Davidson lifted their FY2024 EPS estimates for Avidbank in a research note issued to investors on Wednesday, October 23rd. DA Davidson analyst G. Tenner now anticipates that the company will post earnings of $2.60 per share for the year, up from their prior forecast of $2.45. The consensus estimate for Avidbank’s current full-year earnings is $2.43 per share. DA Davidson also issued estimates for Avidbank’s FY2025 earnings at $2.64 EPS.

AVBH has been the subject of a number of other reports. Janney Montgomery Scott started coverage on Avidbank in a report on Friday, July 12th. They set a “neutral” rating and a $21.00 price objective for the company. Stephens cut their price objective on Avidbank from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Tuesday, July 23rd.

Avidbank Stock Performance

Shares of OTC AVBH opened at $20.37 on Friday. The company has a market capitalization of $160.31 million, a PE ratio of 10.39 and a beta of 0.69. The firm’s fifty day moving average is $19.58. Avidbank has a 52-week low of $18.16 and a 52-week high of $22.00.

Avidbank (OTC:AVBH) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.12. The business had revenue of $38.43 million for the quarter, compared to analyst estimates of $20.18 million.

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.