Key Points
- CEO purchase: Avidia Bancorp CEO Robert Cozzone bought 1,064 shares at an average $18.79 (total $19,992.56), increasing his stake to 63,206 shares (a 1.71% rise) now worth about $1.19 million.
- Dividend details: The company pays a $0.05 quarterly dividend (annualized $0.20) for a 1.1% yield, with a dividend payout ratio of 83.33%.
- Analyst sentiment: Weiss Ratings initiated coverage with a "sell (e+)" rating and Avidia Bancorp currently carries a MarketBeat consensus rating of "Sell."
Avidia Bancorp, Inc. (NYSE:AVBC - Get Free Report) CEO Robert Cozzone purchased 1,064 shares of the business's stock in a transaction on Monday, March 2nd. The shares were bought at an average price of $18.79 per share, with a total value of $19,992.56. Following the purchase, the chief executive officer directly owned 63,206 shares in the company, valued at approximately $1,187,640.74. The trade was a 1.71% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Avidia Bancorp Price Performance
AVBC opened at $18.61 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.77. Avidia Bancorp, Inc. has a 1 year low of $14.00 and a 1 year high of $19.95.
Avidia Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, February 17th were paid a $0.05 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $0.20 annualized dividend and a yield of 1.1%. Avidia Bancorp's dividend payout ratio (DPR) is 83.33%.
Analysts Set New Price Targets
Separately, Weiss Ratings assumed coverage on Avidia Bancorp in a report on Wednesday, February 11th. They set a "sell (e+)" rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Avidia Bancorp currently has a consensus rating of "Sell".
Get Our Latest Stock Report on AVBC
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in AVBC. Renaissance Technologies LLC bought a new position in shares of Avidia Bancorp during the 4th quarter worth $205,000. Commonwealth Equity Services LLC boosted its position in 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 purchasing an additional 15,500 shares during the period. Jane Street Group LLC purchased a new position in shares of Avidia Bancorp in the fourth quarter worth about $260,000. State Street Corp raised its position in shares of Avidia Bancorp by 102.9% in the fourth quarter. State Street Corp now owns 55,122 shares of the company's stock valued at $927,000 after purchasing an additional 27,960 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Avidia Bancorp during the 4th quarter valued at approximately $1,328,000.
About Avidia Bancorp
(
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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