DA Davidson Has Pessimistic View of Avidbank FY2026 Earnings

Avidbank Holdings Inc. (NASDAQ:AVBH - Free Report) - DA Davidson cut their FY2026 earnings per share estimates for shares of Avidbank in a research note issued to investors on Monday, September 29th. DA Davidson analyst G. Tenner now expects that the company will post earnings of $2.97 per share for the year, down from their previous forecast of $3.10. DA Davidson currently has a "Buy" rating and a $31.50 price objective on the stock.

Avidbank (NASDAQ:AVBH - Get Free Report) last posted its quarterly earnings results on Monday, August 25th. The company reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. The firm had revenue of $21.83 million for the quarter. Avidbank had a return on equity of 11.51% and a net margin of 15.89%.

AVBH has been the subject of several other reports. Wall Street Zen upgraded Avidbank to a "hold" rating in a research note on Saturday, September 20th. Piper Sandler began coverage on Avidbank in a research note on Tuesday, September 2nd. They set an "overweight" rating and a $31.00 target price for the company. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $31.25.

Avidbank Stock Up 0.8%

NASDAQ:AVBH opened at $25.39 on Tuesday. The company has a market cap of $277.77 million, a price-to-earnings ratio of 8.27 and a beta of 0.59. Avidbank has a twelve month low of $19.32 and a twelve month high of $26.59. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11.

Avidbank Company Profile

Avidbank Holdings, Inc operates as a bank holding company for Avidbank that provides financial products and services to small and middle-market businesses, professionals, and individuals in the Santa Clara, San Mateo, and San Francisco counties. It offers business and personal deposit products, such as checking, money market, and savings accounts; and certificates of deposit.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.