Avidia Bancorp, Inc. (NYSE:AVBC – Get Free Report) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Tuesday, August 18th will be given a dividend of 0.06 per share on Thursday, August 27th. This represents a c) dividend on an annualized basis and a 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 Up 7.4%
NYSE AVBC opened at $21.73 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.08 and a current ratio of 1.08. Avidia Bancorp has a fifty-two week low of $14.00 and a fifty-two week high of $22.75. The business has a 50 day moving average of $20.00. The stock has a market cap of $436.34 million and a PE ratio of 22.87.
Avidia Bancorp (NYSE:AVBC – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. Avidia Bancorp had a net margin of 11.51% and a return on equity of 4.65%. The company had revenue of $29.87 million for the quarter, compared to analyst estimates of $28.79 million. Sell-side analysts anticipate that Avidia Bancorp will post 1.31 EPS for the current fiscal year.
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.
See Also
- Five stocks we like better than Avidia Bancorp
- MarketBeat Week in Review – 07/20- 07/24
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
Receive News & Ratings for Avidia Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avidia Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
