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

Avidia Bancorp, Inc. (NYSE:AVBC) announced a quarterly dividend on Thursday, January 29th. Stockholders 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 dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, February 17th.

Avidia Bancorp Stock Up 0.4%

AVBC opened at $19.14 on Friday. The stock has a market capitalization of $384.33 million and a PE ratio of 79.75. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.12 and a current ratio of 1.12. Avidia Bancorp has a twelve month low of $14.00 and a twelve month high of $19.95.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on shares of Avidia Bancorp in a research note on Wednesday. They set a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Avidia Bancorp currently has a consensus rating of “Sell”.

Avidia Bancorp Company Profile

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.