Hovde Group Begins Coverage on Avidia Bancorp (NYSE:AVBC)

Posted by Francis Steltz on Oct 7th, 2026

Research analysts at Hovde Group began coverage on shares of Avidia Bancorp (NYSE:AVBC – Get Free Report) in a note issued to investors on Monday, MarketBeat reports. The brokerage set an “outperform” rating and a $26.00 price target on the stock. Hovde Group’s price objective suggests a potential upside of 16.82% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on AVBC. Zacks Research cut Avidia Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, September 21st. Seaport Research Partners reissued a “buy” rating and set a $25.00 target price on shares of Avidia Bancorp in a research note on Friday, July 24th. Finally, Weiss Ratings upgraded Avidia Bancorp from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $26.00.

View Our Latest Analysis on AVBC

Avidia Bancorp Stock Performance

Avidia Bancorp stock opened at $22.26 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average of $21.94 and a 200-day moving average of $20.71. The firm has a market cap of $444.47 million, a P/E ratio of 23.43 and a beta of -0.44. Avidia Bancorp has a 1-year low of $14.31 and a 1-year high of $22.90.

Avidia Bancorp (NYSE:AVBC – Get Free Report) last posted 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 company had revenue of $29.87 million for the quarter, compared to analysts’ expectations of $28.79 million. Sell-side analysts expect that Avidia Bancorp will post 1.44 EPS for the current year.

Insider Activity at Avidia Bancorp

In related news, Director Joseph Grimaldo acquired 5,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was acquired at an average cost of $22.02 per share, for a total transaction of $110,100.00. Following the completion of the acquisition, the director directly owned 49,655 shares of the company’s stock, valued at approximately $1,093,403.10. This represents a 11.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas Doane acquired 1,726 shares of the business’s stock in a transaction on Monday, August 17th. The shares were purchased at an average cost of $22.31 per share, for a total transaction of $38,507.06. Following the completion of the transaction, the executive vice president owned 19,422 shares in the company, valued at approximately $433,304.82. This represents a 9.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 16,226 shares of company stock valued at $359,062 in the last three months. Corporate insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Avidia Bancorp

Hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP lifted its position in Avidia Bancorp by 22.3% during the second quarter. Engineers Gate Manager LP now owns 15,420 shares of the company’s stock valued at $324,000 after buying an additional 2,813 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Avidia Bancorp in the 2nd quarter worth about $372,000. Ancora Advisors LLC grew its position in shares of Avidia Bancorp by 36.0% in the 2nd quarter. Ancora Advisors LLC now owns 102,550 shares of the company’s stock worth $2,153,000 after buying an additional 27,160 shares during the period. Bank of America Corp DE increased its stake in shares of Avidia Bancorp by 217.5% in the 1st quarter. Bank of America Corp DE now owns 26,512 shares of the company’s stock worth $521,000 after acquiring an additional 18,163 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Avidia Bancorp by 254.9% in the 1st quarter. Renaissance Technologies LLC now owns 43,300 shares of the company’s stock worth $852,000 after acquiring an additional 31,100 shares in the last quarter.

About Avidia Bancorp

(Get Free Report)

Avidia Bancorp, Inc is the bank holding company for Avidia Bank, a community-focused financial institution headquartered in Hudson, Massachusetts. Through Avidia Bank, the company provides banking and financial services to individuals, families, businesses and nonprofit organizations.

Avidia Bank’s products and services include checking and savings accounts, certificates of deposit, residential and consumer loans, mortgages, home equity financing, commercial real estate lending and business loans.