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

Avidbank Holdings, Inc. (OTCMKTS:AVBH) – Equities research analysts at DA Davidson issued their Q4 2024 EPS estimates for Avidbank in a note issued to investors 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 analysts have also recently issued reports on AVBH. Janney Montgomery Scott started coverage on shares of Avidbank in a research note on Friday, July 12th. They issued a “neutral” rating and a $21.00 target price for the company. Stephens reduced their target price on shares of Avidbank from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Tuesday, July 23rd.

Avidbank Stock Performance

AVBH stock opened at $20.37 on Thursday. The stock has a market cap of $159.29 million, a P/E ratio of 9.79 and a beta of 0.69. The firm has a 50 day simple moving average of $19.59 and a 200 day simple moving average of $19.11. Avidbank has a 52 week low of $18.16 and a 52 week high of $22.00.

Avidbank (OTCMKTS:AVBH) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.68 by $0.09. The company had revenue of $38.43 million for the quarter, compared to analyst estimates of $20.18 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.