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 company’s stock in a transaction dated Monday, March 9th. The shares were acquired at an average cost of $19.09 per share, with a total value of $28,635.00. Following the purchase, the executive vice president directly owned 21,500 shares of the company’s stock, valued at approximately $410,435. The trade was a 7.50% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Avidia Bancorp Price Performance

Shares of NYSE:AVBC traded down $0.05 during mid-day trading on Wednesday, reaching $19.06. 101,707 shares of the company’s stock were exchanged, compared to its average volume of 77,825. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.12 and a current ratio of 1.12. Avidia Bancorp, Inc. has a twelve month low of $14.00 and a twelve month high of $19.95. The firm has a market cap of $382.62 million and a PE ratio of 79.40.

Avidia Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.20 annualized dividend and a yield of 1.0%. Avidia Bancorp’s payout ratio is presently 83.33%.

Institutional Trading of Avidia Bancorp

A number of large investors have recently bought and sold shares of AVBC. Marshall Wace LLP bought a new position in shares of Avidia Bancorp in the 4th quarter worth about $1,328,000. Millennium Management LLC acquired a new position in shares of Avidia Bancorp in the 4th quarter valued at about $1,184,000. Commonwealth Equity Services LLC boosted its position in shares of Avidia Bancorp by 29.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 68,844 shares of the company’s stock valued at $1,157,000 after purchasing an additional 15,500 shares in the last quarter. State Street Corp boosted its position in shares of Avidia Bancorp by 102.9% during the 4th quarter. State Street Corp now owns 55,122 shares of the company’s stock valued at $927,000 after purchasing an additional 27,960 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Avidia Bancorp during the fourth quarter worth approximately $260,000.

Analysts Set New Price Targets

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

About Avidia Bancorp

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.