Key Points
- Director James Ball bought 5,000 shares at $20.60 on April 27 for $103,000, bringing his total holdings to 50,000 shares — an 11.11% increase in his position.
- Avidia beat Q1 estimates with $0.32 EPS vs. $0.30 consensus and $28.27M revenue, and declared a quarterly dividend of $0.05 per share (annualized yield ~1.0%, ex-dividend May 19).
- The stock trades around $20.46 with a market cap of ~$410.8M and a P/E of 36.54, and despite recent institutional buys the sell-side consensus is "Sell" (Weiss Ratings: sell (e+)).
Avidia Bancorp, Inc. (NYSE:AVBC - Get Free Report) Chairman Michael Dennis Murphy acquired 1,850 shares of Avidia Bancorp stock in a transaction dated Tuesday, April 28th. The shares were acquired at an average price of $20.94 per share, with a total value of $38,739.00. Following the transaction, the chairman owned 1,850 shares in the company, valued at approximately $38,739. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
Avidia Bancorp Trading Down 2.1%
NYSE:AVBC opened at $20.46 on Thursday. Avidia Bancorp, Inc. has a twelve month low of $14.00 and a twelve month high of $21.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.12 and a current ratio of 1.12. The firm's 50-day simple moving average is $19.59. The company has a market cap of $410.82 million and a price-to-earnings ratio of 36.54.
Avidia Bancorp (NYSE:AVBC - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. Avidia Bancorp had a net margin of 9.47% and a return on equity of 4.55%. The company had revenue of $28.27 million during the quarter, compared to analyst estimates of $28.11 million. On average, research analysts forecast that Avidia Bancorp, Inc. will post 1.31 earnings per share for the current year.
Avidia Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Tuesday, May 19th 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 is Tuesday, May 19th. Avidia Bancorp's dividend payout ratio (DPR) is presently 35.71%.
Analyst Ratings Changes
Separately, Weiss Ratings began coverage on shares of Avidia Bancorp in a report on Wednesday, February 11th. They issued 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, the stock has a consensus rating of "Sell".
Read Our Latest Stock Report on AVBC
Institutional Trading of Avidia Bancorp
Several institutional investors have recently made changes to their positions in AVBC. Renaissance Technologies LLC acquired a new stake in shares of Avidia Bancorp during the fourth quarter worth approximately $205,000. OMERS ADMINISTRATION Corp acquired a new stake in Avidia Bancorp in the fourth quarter valued at approximately $208,000. Occudo Quantitative Strategies LP acquired a new stake in Avidia Bancorp in the fourth quarter valued at approximately $227,000. Jane Street Group LLC acquired a new stake in Avidia Bancorp in the fourth quarter valued at approximately $260,000. Finally, Deprince Race & Zollo Inc. acquired a new stake in Avidia Bancorp in the first quarter valued at approximately $399,000.
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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