Avidia Bancorp, Inc. (NYSE:AVBC – Get Free Report) CEO Robert Cozzone acquired 2,128 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average cost of $18.80 per share, with a total value of $40,006.40. Following the completion of the acquisition, the chief executive officer owned 67,357 shares of the company’s stock, valued at $1,266,311.60. The trade was a 3.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Avidia Bancorp Trading Down 0.5%
Avidia Bancorp stock traded down $0.09 during midday trading on Monday, hitting $18.97. The stock had a trading volume of 31,005 shares, compared to its average volume of 67,278. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $380.92 million and a PE ratio of 33.87. Avidia Bancorp, Inc. has a 12 month low of $14.00 and a 12 month high of $21.43. The business’s fifty day moving average is $19.80.
Avidia Bancorp (NYSE:AVBC – Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of $28.27 million during the quarter, compared to analyst estimates of $28.11 million. Avidia Bancorp had a return on equity of 4.31% and a net margin of 9.47%. On average, equities analysts anticipate that Avidia Bancorp, Inc. will post 1.31 EPS for the current fiscal year.
Avidia Bancorp Announces Dividend
Analysts Set New Price Targets
Separately, Weiss Ratings raised Avidia Bancorp from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Avidia Bancorp presently has an average rating of “Sell”.
Check Out Our Latest Stock Report on AVBC
Hedge Funds Weigh In On Avidia Bancorp
Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new position in shares of Avidia Bancorp during the fourth quarter valued at approximately $205,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Avidia Bancorp during the fourth quarter worth approximately $208,000. Occudo Quantitative Strategies LP acquired a new position in shares of Avidia Bancorp during the fourth quarter worth approximately $227,000. Jane Street Group LLC acquired a new position in shares of Avidia Bancorp during the fourth quarter worth approximately $260,000. Finally, Deprince Race & Zollo Inc. acquired a new position in shares of Avidia Bancorp during the first quarter worth approximately $399,000.
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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