Avidia Bancorp (NYSE:AVBC) EVP Barry Jensen Buys 1,000 Shares

Avidia Bancorp, Inc. (NYSE:AVBC) EVP Barry Jensen purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average price of $20.19 per share, with a total value of $20,190.00. Following the purchase, the executive vice president owned 41,000 shares of the company’s stock, valued at approximately $827,790. The trade was a 2.50% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Avidia Bancorp Trading Down 3.9%

Shares of NYSE:AVBC opened at $19.42 on Tuesday. 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 fifty day moving average of $19.77. The company has a market capitalization of $389.78 million and a price-to-earnings ratio of 34.67. Avidia Bancorp, Inc. has a 12-month low of $14.00 and a 12-month high of $21.43.

Avidia Bancorp (NYSE:AVBC) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Avidia Bancorp had a net margin of 9.47% and a return on equity of 4.55%. The business had revenue of $28.27 million during the quarter, compared to analyst estimates of $28.11 million. As a group, equities research analysts forecast that Avidia Bancorp, Inc. will post 1.31 EPS for the current fiscal year.

Avidia Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Tuesday, May 19th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, May 19th. This represents a $0.20 annualized dividend and a yield of 1.0%. Avidia Bancorp’s payout ratio is presently 35.71%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Avidia Bancorp from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AVBC. Renaissance Technologies LLC bought a new position in Avidia Bancorp in the 4th quarter valued at about $205,000. OMERS ADMINISTRATION Corp bought a new position in Avidia Bancorp in the 4th quarter valued at about $208,000. Occudo Quantitative Strategies LP bought a new position in Avidia Bancorp in the 4th quarter valued at about $227,000. Jane Street Group LLC bought a new position in Avidia Bancorp in the 4th quarter valued at about $260,000. Finally, Deprince Race & Zollo Inc. bought a new position in Avidia Bancorp in the 1st quarter valued at about $399,000.

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.