Avidbank Holdings (OTC:AVBH - Free Report) - Investment analysts at DA Davidson raised their FY2024 earnings estimates for shares of Avidbank in a research report issued on Wednesday, October 23rd. DA Davidson analyst G. Tenner now anticipates that the company will post earnings per share of $2.60 for the year, up from their previous estimate 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.
Avidbank (OTC:AVBH - Get Free Report) last announced its earnings results on Monday, October 21st. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.65 by $0.12. The company had revenue of $38.43 million for the quarter, compared to the consensus estimate of $20.18 million.
Several other brokerages have also recently commented on AVBH. Stephens lowered their target price on shares of 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 initiated coverage on Avidbank in a research note on Friday, July 12th. They set a "neutral" rating and a $21.00 price objective on the stock.
Read Our Latest Research Report on AVBH
Avidbank Trading Up 0.6 %
AVBH traded up $0.12 during trading on Friday, hitting $20.37. The stock had a trading volume of 1,400 shares, compared to its average volume of 4,725. The stock has a 50 day simple moving average of $19.58. Avidbank has a one year low of $18.16 and a one year high of $22.00. The company has a market capitalization of $160.31 million, a price-to-earnings ratio of 10.39 and a beta of 0.69.
About Avidbank
(
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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.
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