Avidia Bancorp (NYSE:AVBC) Director Acquires 5,000 Shares of Stock

August 28, 2026 by InsiderTrades.com

Key Points

Director Joseph Grimaldo bought 5,000 Avidia Bancorp shares at an average price of $22.02, investing $110,100 and increasing his holdings by 11.2% to 49,655 shares.
Avidia Bancorp exceeded quarterly earnings expectations, reporting $0.39 in EPS versus the $0.34 consensus estimate and revenue of $29.87 million. The company also raised its quarterly dividend to $0.06 per share, implying a 1.1% yield.
Analyst sentiment is mixed but averages to a “Moderate Buy,” with Zacks upgrading the stock to “strong buy” and Seaport setting a $25 price target, while Weiss Ratings maintained a “sell” rating.

Avidia Bancorp, Inc. (NYSE:AVBC - Get Free Report) Director Joseph Grimaldo acquired 5,000 shares of the firm's stock in a transaction on Wednesday, August 26th. The stock was bought at an average price of $22.02 per share, for a total transaction of $110,100.00. Following the completion of the acquisition, the director owned 49,655 shares of the company's stock, valued at approximately $1,093,403.10. The trade was a 11.20% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Avidia Bancorp Price Performance

Shares of AVBC opened at $22.16 on Friday. The company has a 50-day moving average of $21.22. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $442.56 million and a price-to-earnings ratio of 23.33. Avidia Bancorp, Inc. has a fifty-two week low of $14.31 and a fifty-two week high of $22.90.

Avidia Bancorp (NYSE:AVBC - Get Free Report) last announced its earnings results on Monday, July 27th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. Avidia Bancorp had a net margin of 11.51% and a return on equity of 4.62%. The business had revenue of $29.87 million during the quarter, compared to the consensus estimate of $28.79 million. Analysts predict that Avidia Bancorp, Inc. will post 1.44 earnings per share for the current fiscal year.

Avidia Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Tuesday, August 18th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.1%. This is a boost from Avidia Bancorp's previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, August 18th. Avidia Bancorp's dividend payout ratio (DPR) is 25.26%.

Hedge Funds Weigh In On Avidia Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System bought a new position in Avidia Bancorp during the second quarter worth about $111,000. Renaissance Technologies LLC acquired a new stake in Avidia Bancorp in the 4th quarter worth about $205,000. OMERS ADMINISTRATION Corp bought a new stake in Avidia Bancorp in the 4th quarter valued at about $208,000. Occudo Quantitative Strategies LP bought a new stake in Avidia Bancorp in the 4th quarter valued at about $227,000. Finally, Jane Street Group LLC acquired a new position in shares of Avidia Bancorp during the 4th quarter worth approximately $260,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Zacks Research raised Avidia Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 24th. Seaport Research Partners reissued a "buy" rating and set a $25.00 price target on shares of Avidia Bancorp in a report on Friday, July 24th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Avidia Bancorp in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Avidia Bancorp has an average rating of "Moderate Buy".

Check Out Our Latest Report 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.