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

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

Avidia Bancorp Stock Up 1.0%

Shares of AVBC stock traded up $0.19 on Friday, hitting $19.19. 2,076 shares of the stock were exchanged, compared to its average volume of 75,455. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $385.34 million and a P/E ratio of 79.96. Avidia Bancorp, Inc. has a fifty-two week low of $14.00 and a fifty-two week high of $19.95.

Avidia Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, February 17th were paid a $0.05 dividend. The ex-dividend date 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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC acquired a new position in Avidia Bancorp during the fourth quarter valued at approximately $205,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Avidia Bancorp during the 4th quarter worth approximately $208,000. Occudo Quantitative Strategies LP bought a new stake in shares of Avidia Bancorp during the 4th quarter worth approximately $227,000. Jane Street Group LLC acquired a new stake in shares of Avidia Bancorp in the 4th quarter valued at approximately $260,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Avidia Bancorp by 29.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 68,844 shares of the company’s stock valued at $1,157,000 after buying an additional 15,500 shares during the last quarter.

Wall Street Analysts Forecast Growth

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