Avidbank Holdings, Inc. (OTCMKTS:AVBH) Forecasted to Post Q2 2024 Earnings of $0.67 Per Share

Avidbank Holdings, Inc. (OTCMKTS:AVBH) – Equities research analysts at DA Davidson issued their Q2 2024 EPS estimates for Avidbank in a research report issued on Monday, April 22nd. DA Davidson analyst G. Tenner expects that the company will earn $0.67 per share for the quarter. The consensus estimate for Avidbank’s current full-year earnings is $2.81 per share. DA Davidson also issued estimates for Avidbank’s FY2025 earnings at $3.03 EPS.

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

Avidbank Stock Up 0.1 %

Shares of AVBH opened at $19.25 on Tuesday. The stock’s fifty day simple moving average is $18.95 and its 200-day simple moving average is $20.10. The firm has a market capitalization of $150.23 million, a PE ratio of 9.25 and a beta of 0.66. Avidbank has a 12-month low of $13.25 and a 12-month high of $22.00.

Avidbank (OTCMKTS:AVBH) last released its earnings results on Monday, January 22nd. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The firm had revenue of $29.26 million during the quarter, compared to analyst estimates of $18.92 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.