Key Points
- Barry Jensen, EVP purchased 1,000 shares on Feb. 11 at $18.95, raising his holdings to 36,000 shares (a 2.86% increase) valued at about $682,200.
- Avidia announced a quarterly dividend of $0.05 per share (annualized $0.20), with record/ex-dividend date Feb. 17 and payable Feb. 26, implying a roughly 1.0% yield.
- Analyst and institutional activity: Weiss Ratings initiated coverage with a "sell (e+)" and MarketBeat shows a consensus "Sell," while firms including Renaissance Technologies and Jane Street opened new positions and Commonwealth Equity increased its stake in Q4.
Avidia Bancorp, Inc. (NYSE:AVBC - Get Free Report) EVP Barry Jensen purchased 1,000 shares of the company's stock in a transaction on Wednesday, February 11th. The stock was bought at an average price of $18.95 per share, for a total transaction of $18,950.00. Following the completion of the purchase, the executive vice president directly owned 36,000 shares of the company's stock, valued at $682,200. The trade was a 2.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Avidia Bancorp Stock Performance
Shares of NYSE:AVBC opened at $19.11 on Friday. Avidia Bancorp, Inc. has a twelve month low of $14.00 and a twelve month high of $19.95. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.77. The company has a market cap of $383.73 million and a PE ratio of 79.63.
Avidia Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Tuesday, February 17th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, February 17th.
Institutional Trading of Avidia Bancorp
Several institutional investors and hedge funds have recently added to or reduced their stakes in AVBC. Renaissance Technologies LLC purchased a new position in Avidia Bancorp in the 4th quarter valued at $205,000. Jane Street Group LLC purchased a new stake in shares of Avidia Bancorp in the fourth quarter valued at about $260,000. Finally, Commonwealth Equity Services LLC increased its stake 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 acquiring an additional 15,500 shares during the period.
Analyst Ratings Changes
Separately, Weiss Ratings assumed coverage on shares of Avidia Bancorp in a research report on Wednesday. They issued a "sell (e+)" rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of "Sell".
Check Out Our Latest Stock Report on Avidia Bancorp
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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