Avidia Bancorp, Inc. (AVBC) To Go Ex-Dividend on November 17th

Avidia Bancorp, Inc. (NYSE:AVBC) announced 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 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, November 17th.

Avidia Bancorp Stock Performance

Shares of Avidia Bancorp stock opened at $22.64 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average price of $22.01 and a two-hundred day moving average price of $20.95. Avidia Bancorp has a 1-year low of $14.57 and a 1-year high of $22.90. The company has a market cap of $452.22 million, a P/E ratio of 15.20 and a beta of -0.44.

Avidia Bancorp (NYSE:AVBC) last announced its quarterly earnings data on Friday, October 23rd. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.09. Avidia Bancorp had a return on equity of 7.06% and a net margin of 17.49%. The company had revenue of $31.16 million for the quarter, compared to the consensus estimate of $30.08 million. As a group, analysts anticipate that Avidia Bancorp will post 1.44 EPS for the current 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.