Jobs · Idaho

Avidia Bancorp, Inc.

InsidersTrades · Sweet, ID · 2 mo ago
$398.3/hrFull-time
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Avidia Bancorp, Inc. is a U.S.-listed bank holding company traded on the NYSE under the ticker AVBC. The company serves as the parent of Avidia Bank, a Massachusetts-chartered stock savings bank headquartered in Hudson, Massachusetts. Avidia operates nine full-service banking offices concentrated in western Middlesex County and eastern Worcester County, Massachusetts.

About the Company

Founded through the 2007 merger of Hudson Savings Bank and Westborough Bank, Avidia Bancorp traces its roots back to 1869. The company follows a community-bank model built around local relationships, retail deposits, and small-business banking.

Avidia's core business includes gathering deposits and extending credit across residential mortgages, commercial real estate, commercial loans, and other lending categories serving individuals and businesses. The bank emphasizes relationship-focused financial services, offering digital banking tools alongside its physical branch network.

Positioned as a niche regional lender with a community focus, Avidia competes on service quality, local decision-making, and customer intimacy rather than national scale. The company faces sector pressures including funding costs, net interest margin sensitivity, credit quality, and deposit competition.

Recent Developments

In January 2026, Avidia Bancorp reported fourth-quarter and full-year 2025 results, declaring its first cash dividend of $0.05 per share following its July 2025 initial public offering. The company highlighted deposit growth, loan growth, and balance-sheet expansion in the quarter.

Executive Transactions

  • Robert D. Cozzone (President & CEO): Multiple acquisitions totaling 4,151 shares at prices ranging from $18.80 to $19.77 (May-August 2026)
  • Michael O. Gilles (Director): Multiple acquisitions totaling 8,000 shares at prices ranging from $18.92 to $19.50 (May 2026)
  • Barry H. Jensen (EVP and Chief Admin Officer): Acquired 1,500 shares at $19.26-$20.30 (April-May 2026)
  • Nicolas Karmelek (EVP and CRO): Acquired 1,253 shares at $18.92-$20.76 (February-April 2026)
  • Jonathan Michael Nelson (CFO and Treasurer): Acquired 1,065 shares at $18.90 (June 2026)
  • Joseph F. Grimaldo (Director): Acquired 4,655 shares at $21.44 (August 2026)
  • Kennedy O. Saul (Director): Multiple acquisitions totaling 5,900 shares at $21.61-$21.67 (August 2026)
  • James N. Ball (Director): Acquired 5,000 shares at $20.60 (April 2026)
  • Thomas Doane (EVP-Human Resources): Acquired 2,040 shares at $21.16 (April 2026)
  • Michael Dennis Murphy (Director): Acquired 1,850 shares at $20.94 (April 2026)
  • Bartholomew H. Murphy Jr. (EVP & COO): Acquired 1,500 shares at $19.15 (March 2026)

Financial Overview

Market capitalization: $398.3 million (as of latest filing)

  • Free Cash Flow Yield: 6.0%
  • Earnings Yield: -0.8%
  • Return on Equity: 6.1%
  • Net Margin: -3.3%
  • Fundamental Score: 41.5/100 (Ranked 18,699 of 28,340 companies)

Recent dividend declared: $0.05 per share (quarterly)

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