Avidia Bancorp, Inc. (AVBC) To Go Ex-Dividend on August 18th

Avidia Bancorp, Inc. (NYSE:AVBC) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Tuesday, August 18th will be paid a dividend of 0.06 per share on Thursday, August 27th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, August 18th. This is a 20.0% increase from Avidia Bancorp’s previous quarterly dividend of $0.05.

Avidia Bancorp Stock Performance

Shares of NYSE:AVBC opened at $22.20 on Friday. The stock has a 50-day moving average price of $20.84. The stock has a market capitalization of $445.84 million and a PE ratio of 23.37. Avidia Bancorp has a 52-week low of $14.31 and a 52-week high of $22.90. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.08 and a quick ratio of 1.08.

Avidia Bancorp (NYSE:AVBC) last released its quarterly earnings results on Monday, July 27th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.34 by $0.05. The firm had revenue of $29.87 million during the quarter, compared to analyst estimates of $28.79 million. Avidia Bancorp had a net margin of 11.51% and a return on equity of 4.65%. As a group, equities analysts forecast that Avidia Bancorp will post 1.44 earnings per share for the current fiscal year.

Avidia Bancorp Company Profile

Avidia Bancorp is the bank holding company for Avidia Bank, a community-focused financial institution headquartered in Hudson, Massachusetts. Through its banking subsidiary, the company offers a range of commercial and retail banking services designed to meet the needs of individuals, families and small- to mid-sized businesses in the communities it serves.

Core products and services include personal and business deposit accounts, consumer and commercial lending, residential mortgage and home equity financing, and cash management and payment solutions for businesses.