What is DA Davidson’s Forecast for Avidbank FY2024 Earnings?

Avidbank Holdings (OTC:AVBH) – Stock analysts at DA Davidson upped their FY2024 earnings per share (EPS) estimates for Avidbank in a report released on Wednesday, October 23rd. DA Davidson analyst G. Tenner now expects that the company will post earnings of $2.60 per share for the year, up from their prior forecast of $2.45. The consensus estimate for Avidbank’s current full-year earnings is $2.43 per share. DA Davidson also issued estimates for Avidbank’s FY2025 earnings at $2.64 EPS.

Several other research firms have also recently issued reports on AVBH. Stephens decreased their price objective on Avidbank from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Tuesday, July 23rd. Janney Montgomery Scott assumed coverage on Avidbank in a research report on Friday, July 12th. They set a “neutral” rating and a $21.00 target price on the stock.

Avidbank Trading Up 0.6 %

Shares of OTC AVBH opened at $20.25 on Friday. The business’s 50-day moving average price is $19.56. The stock has a market capitalization of $159.37 million, a P/E ratio of 10.33 and a beta of 0.69. Avidbank has a 12 month low of $18.16 and a 12 month high of $22.00.

Avidbank (OTC:AVBH) last announced its earnings results on Monday, October 21st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.12. The firm had revenue of $38.43 million during the quarter, compared to analyst estimates of $20.18 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.