Q3 2024 Earnings Estimate for Avidbank Holdings Issued By DA Davidson (OTC:AVBH)

Avidbank Holdings (OTC:AVBH) – DA Davidson decreased their Q3 2024 earnings per share estimates for Avidbank in a report released on Thursday, October 3rd. DA Davidson analyst G. Tenner now expects that the company will post earnings of $0.69 per share for the quarter, down from their previous estimate 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.

Avidbank (OTC:AVBH) last issued its earnings results on Monday, July 22nd. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.22). The firm had revenue of $37.30 million for the quarter, compared to analyst estimates of $20.56 million.

A number of other equities analysts also recently commented on the company. Stephens reduced their price objective on Avidbank from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report 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 price target on the stock.

Avidbank Stock Performance

AVBH stock opened at $19.36 on Friday. The firm has a market cap of $151.40 million, a P/E ratio of 9.31 and a beta of 0.69. The company has a 50-day simple moving average of $19.36. Avidbank has a 12 month low of $18.16 and a 12 month high of $22.00.

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.