Avidia Bancorp, Inc. (NYSE:AVBC – Get Free Report) CEO Robert Cozzone acquired 2,023 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price of $19.77 per share, with a total value of $39,994.71. Following the acquisition, the chief executive officer directly owned 65,229 shares of the company’s stock, valued at $1,289,577.33. The trade was a 3.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Avidia Bancorp Stock Down 1.8%
NYSE AVBC traded down $0.34 on Friday, reaching $18.94. The company had a trading volume of 36,484 shares, compared to its average volume of 68,887. The company has a 50 day moving average of $19.81. The company has a market capitalization of $380.26 million and a PE ratio of 33.82. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.12 and a current ratio of 1.12. Avidia Bancorp, Inc. has a 52 week low of $14.00 and a 52 week high of $21.43.
Avidia Bancorp (NYSE:AVBC – Get Free Report) last released its quarterly earnings data on Monday, April 27th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $28.11 million. As a group, analysts forecast that Avidia Bancorp, Inc. will post 1.31 EPS for the current year.
Avidia Bancorp Dividend Announcement
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded Avidia Bancorp from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Avidia Bancorp currently has a consensus rating of “Sell”.
View Our Latest Analysis on AVBC
Institutional Investors Weigh In On Avidia Bancorp
Several large investors have recently modified their holdings of the business. Commonwealth Equity Services LLC grew its holdings in shares of Avidia Bancorp by 29.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 68,844 shares of the company’s stock worth $1,157,000 after buying an additional 15,500 shares in the last quarter. State Street Corp grew its holdings in shares of Avidia Bancorp by 102.9% during the fourth quarter. State Street Corp now owns 55,122 shares of the company’s stock worth $927,000 after buying an additional 27,960 shares in the last quarter. Millennium Management LLC bought a new position in shares of Avidia Bancorp during the fourth quarter worth about $1,184,000. Marshall Wace LLP bought a new position in shares of Avidia Bancorp during the fourth quarter worth about $1,328,000. Finally, Jane Street Group LLC bought a new position in shares of Avidia Bancorp during the fourth quarter worth about $260,000.
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.
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