Key Points
- EVP Barry Jensen purchased 1,000 shares of Avidia Bancorp on March 12 at an average price of $18.69 (total $18,690), raising his direct stake to 39,000 shares — a 2.63% increase valued at about $728,910.
- Avidia declared a quarterly dividend of $0.05 (annualized $0.20), implying a 1.1% yield and a dividend payout ratio of 83.33%.
- Several institutions (including Millennium, Marshall Wace, State Street, OMERS and Occudo) added positions in Q4, while Weiss Ratings initiated coverage with a "Sell (e+)" and MarketBeat's consensus rating is Sell.
Avidia Bancorp, Inc. (NYSE:AVBC - Get Free Report) EVP Barry Jensen purchased 1,000 shares of the stock in a transaction dated Thursday, March 12th. The stock was purchased at an average price of $18.69 per share, with a total value of $18,690.00. Following the completion of the acquisition, the executive vice president directly owned 39,000 shares in the company, valued at approximately $728,910. The trade was a 2.63% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Avidia Bancorp Stock Performance
Shares of AVBC opened at $19.01 on Friday. The firm has a market cap of $381.74 million and a P/E ratio of 79.21. 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 12-month low of $14.00 and a 12-month high of $19.95.
Avidia Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Tuesday, February 17th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, February 17th. Avidia Bancorp's dividend payout ratio (DPR) is presently 83.33%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Occudo Quantitative Strategies LP bought a new position in Avidia Bancorp during the 4th quarter worth $227,000. Millennium Management LLC acquired a new stake in Avidia Bancorp in the fourth quarter worth $1,184,000. OMERS ADMINISTRATION Corp bought a new stake in Avidia Bancorp in the fourth quarter valued at $208,000. Marshall Wace LLP bought a new stake in Avidia Bancorp in the fourth quarter valued at $1,328,000. Finally, State Street Corp boosted its holdings in shares of Avidia Bancorp by 102.9% during the fourth quarter. State Street Corp now owns 55,122 shares of the company's stock valued at $927,000 after acquiring an additional 27,960 shares during the period.
Wall Street Analyst Weigh In
Separately, Weiss Ratings assumed coverage on shares of Avidia Bancorp in a research report on Wednesday, February 11th. They set a "sell (e+)" rating for the company. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Sell".
Read Our Latest Stock Analysis on AVBC
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
