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

Avidia Bancorp, Inc. (NYSE:AVBC) announced 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) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, February 17th.

Avidia Bancorp Stock Performance

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

Insiders Place Their Bets

In related news, CEO Robert D. Cozzone purchased 2,582 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was purchased at an average cost of $19.36 per share, for a total transaction of $49,987.52. Following the completion of the purchase, the chief executive officer directly owned 62,142 shares in the company, valued at $1,203,069.12. This trade represents a 4.34% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Avidia Bancorp

Several large investors have recently made changes to their positions in AVBC. Marshall Wace LLP acquired a new position in Avidia Bancorp during the fourth quarter worth $1,328,000. State Street Corp grew its position in shares of Avidia Bancorp by 102.9% in the 4th quarter. State Street Corp now owns 55,122 shares of the company’s stock valued at $927,000 after acquiring an additional 27,960 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Avidia Bancorp by 29.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 68,844 shares of the company’s stock worth $1,157,000 after purchasing an additional 15,500 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Avidia Bancorp during the 4th quarter worth about $260,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Avidia Bancorp in the 4th quarter valued at 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.