Avidia Bancorp, Inc. (NYSE:AVBC) to Issue Quarterly Dividend of $0.06

Avidia Bancorp, Inc. (NYSE:AVBC) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Tuesday, November 17th will be paid a dividend of $0.06 per share on Monday, November 30th. This represents a $0.24 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, November 17th.

Avidia Bancorp Price Performance

Shares of NYSE AVBC opened at $22.31 on Friday. The firm has a market capitalization of $445.45 million, a P/E ratio of 23.37 and a beta of -0.44. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.48. The stock’s 50-day simple moving average is $22.00 and its two-hundred day simple moving average is $20.94. Avidia Bancorp has a twelve month low of $14.53 and a twelve month high of $22.90.

Avidia Bancorp (NYSE:AVBC) last released its earnings results on Thursday, October 22nd. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.09. The business had revenue of $31.16 million for the quarter, compared to analysts’ expectations of $30.08 million. Avidia Bancorp had a return on equity of 4.62% and a net margin of 11.51%. As a group, equities analysts anticipate that Avidia Bancorp will post 1.44 EPS for the current fiscal year.

Avidia Bancorp Company Profile

Avidia Bancorp, Inc is the holding company for Avidia Bank, a community-focused financial institution headquartered in Hudson, Massachusetts. The company serves consumers, businesses and nonprofit organizations primarily across central Massachusetts and the MetroWest region.

Avidia Bank provides a range of banking products and services, including checking and savings accounts, certificates of deposit, residential mortgages, home equity financing, consumer loans and commercial lending. Its business banking offerings include commercial real estate loans, business lines of credit, cash management and deposit services.