Robert Cozzone Buys 2,582 Shares of Avidia Bancorp (NYSE:AVBC) Stock

Avidia Bancorp, Inc. (NYSE:AVBC) CEO Robert Cozzone bought 2,582 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was purchased at an average cost of $19.36 per share, with a total value of $49,987.52. Following the completion of the transaction, the chief executive officer owned 62,142 shares in the company, valued at approximately $1,203,069.12. This trade represents a 4.34% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Avidia Bancorp Price Performance

NYSE AVBC traded up $0.07 on Friday, reaching $19.14. The stock had a trading volume of 55,496 shares, compared to its average volume of 84,587. The stock has a market cap of $384.33 million and a P/E ratio of 79.75. Avidia Bancorp, Inc. has a 12-month low of $14.00 and a 12-month 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.

Avidia Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Tuesday, February 17th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, February 17th.

Wall Street Analyst Weigh In

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

Institutional Trading of Avidia Bancorp

Hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC purchased a new stake in shares of Avidia Bancorp in the fourth quarter valued at about $205,000. Jane Street Group LLC acquired a new position in shares of Avidia Bancorp during the 4th quarter worth approximately $260,000. State Street Corp lifted its stake in 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 buying an additional 27,960 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Avidia Bancorp by 29.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 68,844 shares of the company’s stock valued at $1,157,000 after buying an additional 15,500 shares during the last quarter.

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.