Bartholomew Murphy, Jr. Purchases 1,500 Shares of Avidia Bancorp (NYSE:AVBC) Stock

Avidia Bancorp, Inc. (NYSE:AVBC) EVP Bartholomew Murphy, Jr. purchased 1,500 shares of the stock in a transaction dated Wednesday, March 18th. The shares were acquired at an average cost of $19.15 per share, for a total transaction of $28,725.00. Following the completion of the acquisition, the executive vice president directly owned 23,000 shares of the company’s stock, valued at approximately $440,450. This trade represents a 6.98% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Avidia Bancorp Stock Performance

AVBC stock traded up $0.02 during trading on Thursday, hitting $19.02. The company had a trading volume of 56,773 shares, compared to its average volume of 75,405. The company has a market capitalization of $381.92 million and a P/E ratio of 79.25. Avidia Bancorp, Inc. has a fifty-two week low of $14.00 and a fifty-two week high of $19.95. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.77.

Avidia Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, February 17th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, February 17th. Avidia Bancorp’s payout ratio is 83.33%.

Institutional Trading of Avidia Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Occudo Quantitative Strategies LP acquired a new stake in shares of Avidia Bancorp in the fourth quarter valued at $227,000. Millennium Management LLC acquired a new position in Avidia Bancorp during the fourth quarter worth about $1,184,000. OMERS ADMINISTRATION Corp bought a new stake in Avidia Bancorp in the fourth quarter worth about $208,000. Marshall Wace LLP bought a new stake in Avidia Bancorp in the fourth quarter worth about $1,328,000. Finally, State Street Corp lifted its holdings in Avidia Bancorp by 102.9% in the 4th quarter. State Street Corp now owns 55,122 shares of the company’s stock valued at $927,000 after acquiring an additional 27,960 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on shares of Avidia Bancorp in a report on Wednesday, February 11th. They issued a “sell (e+)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average 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.