Insider Buying: Avidia Bancorp (NYSE:AVBC) EVP Buys $18,950.00 in Stock

Avidia Bancorp, Inc. (NYSE:AVBC) EVP Barry Jensen purchased 1,000 shares of the stock in a transaction on Wednesday, February 11th. The stock was bought at an average cost of $18.95 per share, for a total transaction of $18,950.00. Following the completion of the acquisition, the executive vice president owned 36,000 shares in the company, valued at approximately $682,200. This trade represents a 2.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Avidia Bancorp Stock Performance

Shares of NYSE:AVBC opened at $19.14 on Friday. Avidia Bancorp, Inc. has a 12-month low of $14.00 and a 12-month high of $19.95. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $384.33 million and a PE ratio of 79.75.

Avidia Bancorp Announces Dividend

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

Institutional Investors Weigh In On Avidia Bancorp

Institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP acquired a new stake in Avidia Bancorp during the fourth quarter worth approximately $1,328,000. Commonwealth Equity Services LLC raised its holdings in Avidia Bancorp by 29.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 68,844 shares of the company’s stock valued at $1,157,000 after acquiring an additional 15,500 shares in 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 acquiring an additional 27,960 shares during the period. Jane Street Group LLC acquired a new stake in shares of Avidia Bancorp during the 4th quarter worth $260,000. Finally, Renaissance Technologies LLC bought a new position in shares of Avidia Bancorp in the fourth quarter worth $205,000.

Wall Street Analyst Weigh In

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