What is DA Davidson’s Forecast for Avidbank Q4 Earnings?

Avidbank Holdings, Inc. (OTCMKTS:AVBH) – Investment analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Avidbank in a research note issued on Wednesday, October 23rd. DA Davidson analyst G. Tenner anticipates that the company will post earnings per share of $0.68 for the quarter. The consensus estimate for Avidbank’s current full-year earnings is $2.71 per share.

A number of other research firms have also weighed in on AVBH. Janney Montgomery Scott began coverage on Avidbank in a research report on Friday, July 12th. They set a “neutral” rating and a $21.00 price objective for the company. Stephens reduced their target price 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 AVBH traded up $0.39 on Thursday, reaching $20.12. The stock had a trading volume of 9,607 shares, compared to its average volume of 4,740. The firm has a market capitalization of $157.34 million, a price-to-earnings ratio of 9.67 and a beta of 0.69. The company has a 50-day simple moving average of $19.54 and a 200-day simple moving average of $19.10. Avidbank has a 12-month low of $18.16 and a 12-month high of $22.00.

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

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.