DA Davidson Brokers Increase Earnings Estimates for Avidbank

Avidbank Holdings, Inc. (OTCMKTS:AVBH) – Investment analysts at DA Davidson increased their FY2025 earnings estimates for Avidbank in a report issued on Tuesday, January 28th. DA Davidson analyst G. Tenner now expects that the company will earn $3.30 per share for the year, up from their prior estimate of $2.67. The consensus estimate for Avidbank’s current full-year earnings is $2.71 per share.

Other research analysts have also recently issued reports about the company. Piper Sandler upped their price objective on Avidbank from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday. Janney Montgomery Scott raised Avidbank from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, November 12th.

Avidbank Price Performance

OTCMKTS:AVBH opened at $21.85 on Thursday. Avidbank has a 12 month low of $18.16 and a 12 month high of $22.49. The firm has a market capitalization of $172.62 million, a PE ratio of 10.50 and a beta of 0.69. The business’s fifty day moving average price is $21.52 and its 200 day moving average price is $20.37.

Avidbank (OTCMKTS:AVBH) last announced its quarterly earnings data on Monday, January 27th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.17.

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.