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

Key Points

• Declared quarterly dividend of $0.05 per share with an ex-dividend and record date of May 19 and a payment date of May 28, implying a dividend yield of about 1.0%.
• The company reported quarterly EPS of $0.32 (above the $0.30 estimate) but still shows negative profitability metrics — return on equity of -1.17% and a net margin of -2.23% — and trades at a high PE of ~85 with a market cap of ~$410 million.

Avidia Bancorp, Inc. (NYSE:AVBC - Get Free Report) declared a quarterly dividend on Thursday, April 23rd. Stockholders of record on Tuesday, May 19th will be paid a dividend of 0.05 per share on Thursday, May 28th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, May 19th.

Avidia Bancorp Stock Performance

NYSE:AVBC opened at $20.42 on Friday. Avidia Bancorp has a fifty-two week low of $14.00 and a fifty-two week high of $21.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.12 and a quick ratio of 1.12. The business's 50 day moving average is $19.47. The stock has a market cap of $410.01 million and a PE ratio of 85.08.

Avidia Bancorp (NYSE:AVBC - Get Free Report) last announced its earnings results on Thursday, April 23rd. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.02. Avidia Bancorp had a negative return on equity of 1.17% and a negative net margin of 2.23%. Research analysts forecast that Avidia Bancorp will post 1.29 earnings per share for the current fiscal year.

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.

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