Avidia Bancorp, Inc. (AVBC) To Go Ex-Dividend on May 19th

Avidia Bancorp, Inc. (NYSE:AVBC) announced a quarterly dividend on Thursday, April 23rd. Stockholders of record on Tuesday, May 19th will be given a dividend of 0.05 per share on Thursday, May 28th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, May 19th.

Avidia Bancorp Stock Down 2.0%

NYSE AVBC opened at $18.89 on Friday. The company has a market capitalization of $379.31 million and a P/E ratio of 33.73. Avidia Bancorp has a 52 week low of $14.00 and a 52 week high of $21.43. The firm’s 50 day moving average price is $19.81. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.12 and a current ratio of 1.12.

Avidia Bancorp (NYSE:AVBC) last released its quarterly earnings data on Monday, April 27th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of $28.27 million during the quarter, compared to the consensus estimate of $28.11 million. Avidia Bancorp had a return on equity of 4.55% and a net margin of 9.47%. On average, equities research analysts anticipate that Avidia Bancorp will post 1.31 earnings per share for the current year.

Insiders Place Their Bets

In other Avidia Bancorp news, CEO Robert D. Cozzone acquired 2,023 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of $19.77 per share, with a total value of $39,994.71. Following the completion of the transaction, the chief executive officer owned 65,229 shares in the company, valued at approximately $1,289,577.33. This trade represents a 3.20% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Thomas Doane purchased 2,040 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were purchased at an average cost of $21.16 per share, for a total transaction of $43,166.40. Following the transaction, the executive vice president directly owned 17,495 shares in the company, valued at approximately $370,194.20. The trade was a 13.20% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 25,816 shares of company stock valued at $512,540.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AVBC. Marshall Wace LLP purchased a new position in shares of Avidia Bancorp during the 4th quarter valued at $1,328,000. Millennium Management LLC purchased a new position in shares of Avidia Bancorp during the 4th quarter valued at $1,184,000. Renaissance Technologies LLC lifted its position in shares of Avidia Bancorp by 254.9% during the 1st quarter. Renaissance Technologies LLC now owns 43,300 shares of the company’s stock valued at $852,000 after buying an additional 31,100 shares during the last quarter. State Street Corp lifted its position in shares of Avidia Bancorp by 102.9% during the 4th quarter. State Street Corp now owns 55,122 shares of the company’s stock valued at $927,000 after buying an additional 27,960 shares during the last quarter. Finally, Deprince Race & Zollo Inc. purchased a new position in shares of Avidia Bancorp during the 1st quarter valued at $399,000.

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.