Avidbank Holdings, Inc. (OTCMKTS:AVBH) Expected to Earn Q2 2023 Earnings of $0.70 Per Share

Avidbank Holdings, Inc. (OTCMKTS:AVBHGet Rating) – DA Davidson issued their Q2 2023 EPS estimates for Avidbank in a report released on Wednesday, June 21st. DA Davidson analyst G. Tenner forecasts that the company will earn $0.70 per share for the quarter. DA Davidson currently has a “Buy” rating and a $24.00 target price on the stock. The consensus estimate for Avidbank’s current full-year earnings is $3.00 per share. DA Davidson also issued estimates for Avidbank’s FY2023 earnings at $2.96 EPS and FY2024 earnings at $2.89 EPS.

Separately, Piper Sandler dropped their target price on shares of Avidbank from $21.00 to $19.00 in a research report on Wednesday, April 26th.

Avidbank Stock Performance

Shares of OTCMKTS:AVBH opened at $16.40 on Friday. The firm has a fifty day moving average price of $15.17 and a 200 day moving average price of $17.99. Avidbank has a fifty-two week low of $10.70 and a fifty-two week high of $22.80. The firm has a market cap of $126.44 million, a price-to-earnings ratio of 4.44 and a beta of 0.70.

Avidbank (OTCMKTS:AVBHGet Rating) last issued its earnings results on Tuesday, April 25th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The company had revenue of $19.98 million for the quarter, compared to the consensus estimate of $20.92 million.

Avidbank Company Profile

(Get Rating)

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.

Further Reading

Receive News & Ratings for Avidbank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avidbank and related companies with MarketBeat.com's FREE daily email newsletter.