Avidia Bancorp, Inc. (NYSE:AVBC - Get Free Report) EVP Barry Jensen bought 1,000 shares of the firm's stock in a transaction on Wednesday, April 29th. The stock was acquired at an average cost of $20.30 per share, with a total value of $20,300.00. Following the transaction, the executive vice president owned 40,000 shares in the company, valued at $812,000. The trade was a 2.56% 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 $20.77 on Friday. Avidia Bancorp, Inc. has a fifty-two week low of $14.00 and a fifty-two week high of $21.43. The stock has a 50-day simple moving average of $19.63. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.76. The stock has a market cap of $417.02 million and a price-to-earnings ratio of 37.09.
Avidia Bancorp (NYSE:AVBC - Get Free Report) last issued its earnings results on Thursday, April 23rd. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.02. Avidia Bancorp had a return on equity of 4.55% and a net margin of 9.47%.The business had revenue of $28.27 million during the quarter, compared to analyst estimates of $28.11 million. As a group, research analysts predict that Avidia Bancorp, Inc. will post 1.31 earnings per share for the current year.
Avidia Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. Avidia Bancorp's dividend payout ratio is presently 35.71%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP bought a new position in shares of Avidia Bancorp during the 4th quarter valued at approximately $1,328,000. Millennium Management LLC bought a new position in shares of Avidia Bancorp during the 4th quarter valued at approximately $1,184,000. Commonwealth Equity Services LLC grew its stake in shares of Avidia Bancorp by 29.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 68,844 shares of the company's stock valued at $1,157,000 after acquiring an additional 15,500 shares during the period. State Street Corp boosted its stake in Avidia Bancorp by 102.9% in the 4th quarter. State Street Corp now owns 55,122 shares of the company's stock worth $927,000 after purchasing an additional 27,960 shares during the period. Finally, Deprince Race & Zollo Inc. bought a new position in Avidia Bancorp in the 1st quarter worth approximately $399,000.
Avidia Bancorp News Summary
Here are the key news stories impacting Avidia Bancorp this week:
- Positive Sentiment: Several senior insiders have recently purchased shares (director James N. Ball: 5,000 shares at ~$20.60; EVP Thomas Doane: 2,040 shares at ~$21.16; EVP Barry H. Jensen: 1,000 shares at $20.30; EVP Nicolas Karmelek: 1,220 shares at $20.76; Chairman Michael D. Murphy: 1,850 shares at $20.94). Insider buying at these levels signals management confidence and is likely supporting the stock. Read More.
- Positive Sentiment: Q1 results (reported Apr. 23) modestly beat estimates: EPS $0.32 vs. $0.30 expected and revenue $28.27M vs. $28.11M expected — a near-term fundamental positive that supports the recent rally. Read More.
- Positive Sentiment: Several institutional investors established or added positions (Renaissance, OMERS Admin, Jane Street, others), which adds buying pressure and credibility from larger, sophisticated investors. Read More.
- Neutral Sentiment: Avidia announced a quarterly dividend of $0.05 (annualized $0.20; ~1.0% yield) with an ex-dividend date of May 19 — a steady but small income signal that may matter more to income-focused holders than growth investors. Read More.
- Negative Sentiment: Weiss Ratings initiated coverage with a "sell (e+)" rating and MarketBeat shows a consensus Sell — analyst skepticism/perceived downside from coverage can weigh on sentiment and cap upside for some investors. Read More.
- Negative Sentiment: Valuation and profitability metrics are mixed: P/E near ~36.5 and return on equity around 4.6% suggest the stock is trading at a premium to current profitability, which could limit upside if earnings growth disappoints. Read More.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings initiated 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, the stock presently has a consensus rating of "Sell".
Get Our Latest Stock Analysis on AVBC
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.
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