Key Points
- CEO Robert Cozzone bought 2,582 shares on Feb. 11 at an average price of $19.36 (≈$49,988), increasing his stake to 62,142 shares — a 4.34% rise valued at about $1.20M.
- The company announced a quarterly dividend of $0.05 per share ($0.20 annualized, ~1.0% yield), with record/ex-dividend date on Feb. 17 and payment on Feb. 26.
- Analyst coverage and consensus are negative, with Weiss Ratings initiating a "Sell" rating and MarketBeat showing a consensus rating of "Sell."
Avidia Bancorp, Inc. (NYSE:AVBC - Get Free Report) CEO Robert Cozzone bought 2,582 shares of the business's stock in a transaction that occurred on Wednesday, February 11th. The stock was acquired at an average cost of $19.36 per share, with a total value of $49,987.52. Following the completion of the acquisition, the chief executive officer owned 62,142 shares of the company's stock, valued at $1,203,069.12. This represents a 4.34% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Avidia Bancorp Stock Performance
Shares of NYSE AVBC opened at $19.14 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.12 and a current ratio of 1.12. Avidia Bancorp, Inc. has a 12-month low of $14.00 and a 12-month high of $19.95.
Avidia Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Tuesday, February 17th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, February 17th.
Analyst Ratings Changes
Separately, Weiss Ratings initiated coverage on Avidia Bancorp in a research report on Wednesday. They issued a "sell (e+)" rating on the stock. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Avidia Bancorp has a consensus rating of "Sell".
Read Our Latest Stock Analysis on Avidia Bancorp
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new stake in Avidia Bancorp during the 4th quarter worth about $1,328,000. State Street Corp lifted its holdings in shares of Avidia Bancorp by 102.9% in the 4th quarter. State Street Corp now owns 55,122 shares of the company's stock valued at $927,000 after buying an additional 27,960 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Avidia Bancorp by 29.1% in 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 during the last quarter. Jane Street Group LLC purchased a new stake in shares of Avidia Bancorp in the fourth quarter worth about $260,000. Finally, Renaissance Technologies LLC acquired a new stake in Avidia Bancorp during the fourth quarter worth about $205,000.
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.
Further Reading
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