Avidia Bancorp (NYSE:AVBC) CEO Robert Cozzone Acquires 1,064 Shares

Avidia Bancorp, Inc. (NYSE:AVBC) CEO Robert Cozzone acquired 1,064 shares of Avidia Bancorp stock in a transaction dated Monday, March 2nd. The stock was purchased at an average cost of $18.79 per share, for a total transaction of $19,992.56. Following the completion of the purchase, the chief executive officer owned 63,206 shares in the company, valued at approximately $1,187,640.74. The trade was a 1.71% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Avidia Bancorp Price Performance

Shares of NYSE AVBC opened at $18.61 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.12 and a quick ratio of 1.12. Avidia Bancorp, Inc. has a twelve month low of $14.00 and a twelve month high of $19.95.

Avidia Bancorp Dividend Announcement

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

Institutional Investors Weigh In On Avidia Bancorp

A number of hedge funds have recently added to or reduced their stakes in AVBC. Renaissance Technologies LLC acquired a new position in shares of Avidia Bancorp during the fourth quarter worth approximately $205,000. OMERS ADMINISTRATION Corp acquired a new stake in Avidia Bancorp in the 4th quarter valued at $208,000. Occudo Quantitative Strategies LP bought a new stake in Avidia Bancorp during the 4th quarter valued at $227,000. Jane Street Group LLC acquired a new position in Avidia Bancorp during the fourth quarter worth $260,000. Finally, State Street Corp lifted its stake in shares of Avidia Bancorp by 102.9% in the fourth quarter. State Street Corp now owns 55,122 shares of the company’s stock valued at $927,000 after buying an additional 27,960 shares in the last quarter.

Analyst Upgrades and Downgrades

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