DA Davidson Comments on Avidbank Holdings, Inc.’s Q3 2024 Earnings (OTCMKTS:AVBH)

Avidbank Holdings, Inc. (OTCMKTS:AVBH) – Investment analysts at DA Davidson decreased their Q3 2024 earnings per share estimates for shares of Avidbank in a research note issued to investors on Thursday, October 3rd. DA Davidson analyst G. Tenner now anticipates 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 $2.71 per share. DA Davidson also issued estimates for Avidbank’s FY2024 earnings at $2.45 EPS.

Avidbank (OTCMKTS:AVBH) last announced its quarterly earnings data on Monday, July 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.22). The company had revenue of $37.30 million for the quarter, compared to the consensus estimate of $20.56 million.

Several other research firms have also commented on AVBH. Janney Montgomery Scott started 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. Stephens reduced their target price on Avidbank from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 23rd.

Avidbank Price Performance

Avidbank has a 52 week low of $18.16 and a 52 week high of $22.00. The business has a 50-day moving average of $19.37 and a two-hundred day moving average of $19.06. The firm has a market cap of $151.40 million, a P/E ratio of 9.31 and a beta of 0.69.

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.