DA Davidson Issues Optimistic Estimate for Avidbank Earnings

Avidbank Holdings (OTC:AVBH) – DA Davidson lifted their FY2025 earnings per share (EPS) estimates for shares of Avidbank in a report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the company will post earnings per share of $2.67 for the year, up from their previous estimate of $2.64. The consensus estimate for Avidbank’s current full-year earnings is $2.55 per share.

Avidbank (OTC:AVBH) last issued its earnings results on Monday, October 21st. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.12. The company had revenue of $38.43 million for the quarter, compared to analysts’ expectations of $20.18 million.

Separately, Janney Montgomery Scott raised shares of Avidbank from a “neutral” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Tuesday, November 12th.

Avidbank Price Performance

OTC:AVBH opened at $21.75 on Friday. The business has a fifty day simple moving average of $21.21. Avidbank has a 1-year low of $18.16 and a 1-year high of $22.49. The firm has a market capitalization of $171.96 million, a price-to-earnings ratio of 11.10 and a beta of 0.69.

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.