Avidia Bancorp (NYSE:AVBC) EVP Barry Jensen Purchases 1,000 Shares of Stock

Avidia Bancorp, Inc. (NYSE:AVBC) EVP Barry Jensen acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was purchased at an average cost of $18.95 per share, with a total value of $18,950.00. Following the completion of the purchase, the executive vice president directly owned 36,000 shares of the company’s stock, valued at approximately $682,200. This represents a 2.86% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Avidia Bancorp Price Performance

AVBC opened at $19.11 on Friday. Avidia Bancorp, Inc. has a 12-month low of $14.00 and a 12-month high of $19.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.77. The stock has a market cap of $383.73 million and a P/E ratio of 79.63.

Avidia Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, February 17th.

Hedge Funds Weigh In On Avidia Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC increased its holdings in Avidia Bancorp by 29.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 68,844 shares of the company’s stock valued at $1,157,000 after buying an additional 15,500 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Avidia Bancorp during the 4th quarter worth about $260,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Avidia Bancorp in the 4th quarter valued at about $205,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on shares of Avidia Bancorp in a report on Wednesday. They set a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Avidia Bancorp Company Profile

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.