FY2024 EPS Estimates for Avidbank Holdings, Inc. (OTCMKTS:AVBH) Cut by DA Davidson

Avidbank Holdings, Inc. (OTCMKTS:AVBH) – DA Davidson dropped their FY2024 EPS estimates for shares of Avidbank in a report released on Monday, April 22nd. DA Davidson analyst G. Tenner now expects that the company will post earnings of $2.82 per share for the year, down from their prior forecast of $3.03. The consensus estimate for Avidbank’s current full-year earnings is $2.76 per share. DA Davidson also issued estimates for Avidbank’s Q2 2024 earnings at $0.67 EPS, FY2024 earnings at $2.82 EPS, FY2025 earnings at $3.03 EPS and FY2025 earnings at $3.03 EPS.

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

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

Avidbank Stock Performance

AVBH stock opened at $19.25 on Wednesday. Avidbank has a 52 week low of $13.25 and a 52 week high of $22.00. The company has a market capitalization of $150.15 million, a price-to-earnings ratio of 9.25 and a beta of 0.66. The firm’s 50-day moving average is $18.95 and its two-hundred day moving average is $20.08.

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.