Key Points
- EVP Barry Jensen bought 2,000 shares on Feb. 23 at an average price of $18.71 (total $37,420), increasing his direct stake to 38,000 shares — a 5.56% ownership increase valued at about $710,980.
- Avidia declared a quarterly dividend of $0.05 per share (annualized $0.20, ~1.1% yield) with record date Feb. 17 and payment on Feb. 26; the dividend payout ratio is 83.33%.
- Several institutional investors added or initiated positions in Q4 (including Marshall Wace, Millennium, State Street, Commonwealth and Jane Street), while analyst coverage is negative with Weiss Ratings initiating a “sell (e+)” and a consensus Sell rating.
Avidia Bancorp, Inc. (NYSE:AVBC - Get Free Report) EVP Barry Jensen bought 2,000 shares of the stock in a transaction on Monday, February 23rd. The stock was purchased at an average price of $18.71 per share, for a total transaction of $37,420.00. Following the completion of the purchase, the executive vice president directly owned 38,000 shares in the company, valued at approximately $710,980. This represents a 5.56% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Avidia Bancorp Stock Up 0.1%
Avidia Bancorp stock opened at $18.44 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.77. Avidia Bancorp, Inc. has a fifty-two week low of $14.00 and a fifty-two week high of $19.95. The firm has a market capitalization of $370.20 million and a PE ratio of 76.83.
Avidia Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Tuesday, February 17th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, February 17th. Avidia Bancorp's dividend payout ratio is currently 83.33%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new stake in Avidia Bancorp during the fourth quarter valued at about $1,328,000. Millennium Management LLC bought a new position in shares of Avidia Bancorp during the 4th quarter valued at about $1,184,000. State Street Corp raised its holdings in shares of Avidia Bancorp by 102.9% during 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 in the last quarter. Commonwealth Equity Services LLC lifted its position in Avidia Bancorp by 29.1% in the 4th 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. Finally, Jane Street Group LLC purchased a new stake in shares of Avidia Bancorp in the 4th quarter valued at $260,000.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings initiated coverage on Avidia Bancorp in a report on Wednesday, February 11th. They set a "sell (e+)" rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Avidia Bancorp has a consensus rating of "Sell".
Get Our Latest Research Report on Avidia Bancorp
Avidia Bancorp Company Profile
(
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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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