Avidia Bancorp, Inc. (NYSE:AVBC) Shareholders to Collect $0.06 Quarterly Dividend

Avidia Bancorp, Inc. (NYSE:AVBC) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Tuesday, November 17th will be given 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 of this dividend is Tuesday, November 17th.

Avidia Bancorp Stock Performance

Shares of AVBC stock opened at $22.31 on Friday. Avidia Bancorp has a 12 month low of $14.53 and a 12 month high of $22.90. The firm has a market capitalization of $445.45 million, a PE ratio of 23.37 and a beta of -0.44. The firm has a fifty day simple moving average of $22.00 and a two-hundred day simple moving average of $20.94. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.48.

Avidia Bancorp (NYSE:AVBC) last posted its earnings results on Thursday, October 22nd. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.38 by $0.09. Avidia Bancorp had a net margin of 11.51% and a return on equity of 4.62%. The company had revenue of $31.16 million during the quarter, compared to the consensus estimate of $30.08 million. Analysts forecast that Avidia Bancorp will post 1.44 EPS for the current fiscal year.

About Avidia Bancorp

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.