FY2025 Earnings Forecast for Avidbank Issued By DA Davidson

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

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

Avidbank Price Performance

Shares of AVBH stock opened at $21.75 on Friday. The stock has a market capitalization of $171.96 million, a P/E ratio of 11.10 and a beta of 0.69. Avidbank has a 12-month low of $18.16 and a 12-month high of $22.49. The business’s 50 day simple moving average is $21.26.

Avidbank (OTC:AVBH) last posted 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 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.