Avidia Bancorp (NYSE:AVBC) EVP Barry Jensen Buys 1,000 Shares

Avidia Bancorp, Inc. (NYSE:AVBCGet Free Report) EVP Barry Jensen purchased 1,000 shares of the stock in a transaction dated Friday, May 8th. The shares were purchased at an average price of $20.19 per share, with a total value of $20,190.00. Following the completion of the transaction, the executive vice president owned 41,000 shares of the company’s stock, valued at approximately $827,790. This trade represents a 2.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Avidia Bancorp Stock Performance

Shares of AVBC traded down $0.80 during midday trading on Monday, hitting $19.42. 38,689 shares of the stock were exchanged, compared to its average volume of 70,500. Avidia Bancorp, Inc. has a 52-week low of $14.00 and a 52-week high of $21.43. The stock’s fifty day moving average is $19.74. The firm has a market cap of $389.85 million and a price-to-earnings ratio of 34.67. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.76.

Avidia Bancorp (NYSE:AVBCGet Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. Avidia Bancorp had a return on equity of 4.55% and a net margin of 9.47%.The business had revenue of $28.27 million during the quarter, compared to analyst estimates of $28.11 million. As a group, equities research analysts forecast that Avidia Bancorp, Inc. will post 1.31 EPS for the current fiscal year.

Avidia Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, May 19th. Avidia Bancorp’s dividend payout ratio (DPR) is currently 35.71%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Avidia Bancorp from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Avidia Bancorp has an average rating of “Sell”.

Get Our Latest Research Report on Avidia Bancorp

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC purchased a new position in Avidia Bancorp in the fourth quarter valued at $205,000. OMERS ADMINISTRATION Corp purchased a new position in Avidia Bancorp in the fourth quarter valued at $208,000. Occudo Quantitative Strategies LP purchased a new position in Avidia Bancorp in the fourth quarter valued at $227,000. Jane Street Group LLC purchased a new position in Avidia Bancorp in the fourth quarter valued at $260,000. Finally, Deprince Race & Zollo Inc. purchased a new position in Avidia Bancorp in the first quarter valued at $399,000.

Avidia Bancorp Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Avidia Bancorp (NYSE:AVBC)

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