Avidia Bancorp, Inc. (NYSE:AVBC) Declares Quarterly Dividend of $0.05

Avidia Bancorp, Inc. (NYSE:AVBC) declared a quarterly dividend on Thursday, January 29th. Investors of record on Tuesday, February 17th will be paid a dividend of 0.05 per share on Thursday, February 26th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, February 17th.

Avidia Bancorp Price Performance

Shares of AVBC opened at $19.14 on Friday. The company has a market cap of $384.33 million and a price-to-earnings ratio of 79.75. Avidia Bancorp has a 52 week low of $14.00 and a 52 week high of $19.95. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.12 and a quick ratio of 1.12.

Insider Buying and Selling at Avidia Bancorp

In other Avidia Bancorp news, CEO Robert D. Cozzone bought 2,582 shares of Avidia Bancorp stock in a transaction dated Wednesday, February 11th. The stock was bought at an average cost of $19.36 per share, with a total value of $49,987.52. Following the completion of the acquisition, the chief executive officer directly owned 62,142 shares in the company, valued at approximately $1,203,069.12. The trade was a 4.34% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional Trading of Avidia Bancorp

A number of hedge funds have recently bought and sold shares of the business. Marshall Wace LLP purchased a new stake in shares of Avidia Bancorp during the 4th quarter valued at $1,328,000. State Street Corp grew its position in Avidia Bancorp by 102.9% during the fourth quarter. State Street Corp now owns 55,122 shares of the company’s stock valued at $927,000 after buying an additional 27,960 shares during the period. Commonwealth Equity Services LLC increased its holdings in Avidia Bancorp by 29.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 68,844 shares of the company’s stock worth $1,157,000 after buying an additional 15,500 shares during the last quarter. Jane Street Group LLC purchased a new stake in Avidia Bancorp during the fourth quarter worth about $260,000. Finally, Renaissance Technologies LLC bought a new stake in Avidia Bancorp in the fourth quarter worth about $205,000.

About Avidia Bancorp

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.