Jacobs Asset Management LLC Trims Stake in Avidbank Holdings Inc. $AVBH

Jacobs Asset Management LLC trimmed its holdings in shares of Avidbank Holdings Inc. (NASDAQ:AVBH) by 34.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,885 shares of the company’s stock after selling 46,115 shares during the quarter. Avidbank makes up approximately 1.5% of Jacobs Asset Management LLC’s investment portfolio, making the stock its 24th largest position. Jacobs Asset Management LLC’s holdings in Avidbank were worth $2,533,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quarry LP acquired a new stake in shares of Avidbank in the third quarter valued at about $26,000. Kestra Advisory Services LLC purchased a new position in Avidbank in the 4th quarter worth approximately $36,000. HighTower Advisors LLC lifted its stake in Avidbank by 25.1% in the 4th quarter. HighTower Advisors LLC now owns 12,444 shares of the company’s stock worth $331,000 after purchasing an additional 2,500 shares in the last quarter. Wells Fargo & Company MN purchased a new position in Avidbank during the fourth quarter worth approximately $86,000. Finally, Barclays PLC acquired a new position in shares of Avidbank during the 4th quarter valued at about $123,000. 15.87% of the stock is owned by hedge funds and other institutional investors.

Avidbank Stock Performance

NASDAQ AVBH opened at $31.86 on Friday. The stock has a market capitalization of $348.87 million, a PE ratio of -16.59 and a beta of 0.33. The firm has a 50 day moving average of $31.72 and a two-hundred day moving average of $29.76. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.08. Avidbank Holdings Inc. has a 52 week low of $21.25 and a 52 week high of $34.17.

Avidbank (NASDAQ:AVBH) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.07). The company had revenue of $29.73 million for the quarter, compared to analyst estimates of $28.61 million. Avidbank had a positive return on equity of 10.99% and a negative net margin of 8.69%. As a group, research analysts expect that Avidbank Holdings Inc. will post 3.44 EPS for the current fiscal year.

Avidbank News Roundup

Here are the key news stories impacting Avidbank this week:

• Positive Sentiment: Revenue for Q2 came in above estimates at $29.73 million versus the $28.61 million consensus, suggesting core business activity was stronger than analysts expected. MarketBeat earnings report
• Positive Sentiment: The company reported net income of $7.6 million, and management highlighted support from BOLI death benefit proceeds, which helped offset some pressure from other items in the quarter. Access Newswire release
• Neutral Sentiment: The earnings call transcript and related Q2 report are drawing investor attention as traders look for management commentary on credit quality, margins, and the outlook for the rest of 2026. Seeking Alpha transcript
• Negative Sentiment: Adjusted earnings missed analyst expectations, with EPS of $0.76 versus the $0.83 consensus, a disappointment that likely weighed on sentiment despite the revenue beat. Zacks earnings miss
• Negative Sentiment: Net income and EPS both declined sequentially from the prior quarter, and the release noted a $2.6 million litigation settlement expense, which adds to near-term earnings pressure. Access Newswire release

Wall Street Analyst Weigh In

AVBH has been the subject of a number of research analyst reports. Weiss Ratings cut Avidbank from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 17th. DA Davidson upped their target price on shares of Avidbank from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Wall Street Zen raised shares of Avidbank from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Finally, Piper Sandler dropped their price target on shares of Avidbank from $37.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.33.

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. The company also provides personal lending products include secured and unsecured lines of credit, home equity lines of credit, remodel and new home construction loans, and term loans; corporate banking comprises working capital lines of credit, equipment loans, acquisition financing, shareholder buyouts, ESOP loans, and owner-occupied real estate loans; and commercial real estate lending, such as permanent loans and bridge financing products.