Avidia Bancorp (NYSE:AVBC) Director Joseph Grimaldo Buys 5,000 Shares of Stock

Posted by Geri Gentry on Aug 28th, 2026

Avidia Bancorp, Inc. (NYSE:AVBC – Get Free Report) Director Joseph Grimaldo acquired 5,000 shares of Avidia Bancorp stock in a transaction dated Wednesday, August 26th. The shares were acquired at an average price of $22.02 per share, with a total value of $110,100.00. Following the completion of the purchase, the director owned 49,655 shares in the company, valued at approximately $1,093,403.10. The trade was a 11.20% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Avidia Bancorp Price Performance

Shares of NYSE AVBC opened at $22.16 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50-day moving average of $21.22. The company has a market cap of $442.56 million and a PE ratio of 23.33. Avidia Bancorp, Inc. has a fifty-two week low of $14.31 and a fifty-two week high of $22.90.

Avidia Bancorp (NYSE:AVBC – Get Free Report) last released its earnings results on Monday, July 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. Avidia Bancorp had a return on equity of 4.62% and a net margin of 11.51%.The business had revenue of $29.87 million for the quarter, compared to analyst estimates of $28.79 million. On average, sell-side analysts expect that Avidia Bancorp, Inc. will post 1.44 EPS for the current year.

Avidia Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Tuesday, August 18th were given a dividend of $0.06 per share. This is a positive change from Avidia Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.1%. Avidia Bancorp’s payout ratio is presently 25.26%.

Hedge Funds Weigh In On Avidia Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System acquired a new position in Avidia Bancorp during the second quarter worth approximately $111,000. Renaissance Technologies LLC acquired a new stake in shares of Avidia Bancorp in the fourth quarter valued at approximately $205,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Avidia Bancorp in the fourth quarter valued at approximately $208,000. Occudo Quantitative Strategies LP bought a new position in shares of Avidia Bancorp during the 4th quarter worth approximately $227,000. Finally, Jane Street Group LLC bought a new position in shares of Avidia Bancorp during the 4th quarter worth approximately $260,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AVBC shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Avidia Bancorp in a report on Wednesday, July 29th. Seaport Research Partners restated a “buy” rating and set a $25.00 target price on shares of Avidia Bancorp in a report on Friday, July 24th. Finally, Zacks Research raised shares of Avidia Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

View Our Latest Stock Analysis on Avidia Bancorp

About Avidia Bancorp

(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.