Avidia Bancorp (NYSE:AVBC) Director James Ball Purchases 5,000 Shares

Avidia Bancorp, Inc. (NYSE:AVBC) Director James Ball acquired 5,000 shares of Avidia Bancorp stock in a transaction dated Monday, April 27th. The shares were acquired at an average price of $20.60 per share, with a total value of $103,000.00. Following the transaction, the director owned 50,000 shares in the company, valued at approximately $1,030,000. This represents a 11.11% 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) 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 Dividend Announcement

The firm also recently disclosed 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 is Tuesday, May 19th. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. Avidia Bancorp’s dividend payout ratio (DPR) is 35.71%.

Analyst Ratings Changes

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 research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in shares of Avidia Bancorp in the fourth quarter worth about $205,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Avidia Bancorp in the fourth quarter worth about $208,000. Occudo Quantitative Strategies LP acquired a new position in shares of Avidia Bancorp in the fourth quarter worth about $227,000. Jane Street Group LLC acquired a new stake in shares of Avidia Bancorp during the fourth quarter worth approximately $260,000. Finally, Deprince Race & Zollo Inc. acquired a new stake in shares of Avidia Bancorp during the first quarter worth approximately $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.