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

Avidia Bancorp, Inc. (NYSE:AVBC) CEO Robert Cozzone acquired 1,064 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were bought at an average cost of $18.79 per share, with a total value of $19,992.56. Following the transaction, the chief executive officer directly owned 63,206 shares in the company, valued at $1,187,640.74. This trade represents a 1.71% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Avidia Bancorp Stock Performance

Avidia Bancorp stock opened at $19.10 on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.77. 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 disclosed a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Tuesday, February 17th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.0%. Avidia Bancorp’s payout ratio is presently 83.33%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Avidia Bancorp

Several institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC purchased a new stake in shares of Avidia Bancorp during the fourth quarter worth $205,000. OMERS ADMINISTRATION Corp acquired a new position in Avidia Bancorp during the 4th quarter worth $208,000. Occudo Quantitative Strategies LP purchased a new stake in Avidia Bancorp during the 4th quarter worth about $227,000. Jane Street Group LLC purchased a new stake in Avidia Bancorp during the 4th quarter worth about $260,000. Finally, State Street Corp raised its position 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 purchasing an additional 27,960 shares in the last quarter.

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.