Avidia Bancorp (AVBC) reported third-quarter 2026 net income of $8.6 million, or $0.47 per basic and diluted share, compared with $7.2 million, or $0.39 per share, in the second quarter.
Total net revenue rose 4% from the prior quarter to $31.2 million. The company also declared a quarterly cash dividend of $0.06 per common share, payable on or about November 30, 2026.
- Net interest income increased to $25.5 million from $24.0 million in the prior quarter.
- Net interest margin increased 22 basis points to 3.86%, including an 11-basis-point benefit from a loan prepayment penalty.
- Total deposits grew $53.0 million, or 2.5%, to $2.21 billion at September 30, 2026.
- Total assets were $2.78 billion and total loans were $2.26 billion at quarter-end.
- The company completed $23.8 million in share repurchases as of September 30, representing 1,079,051 shares.
- Non-interest expense declined 1% sequentially to $19.4 million, while provision expense for credit losses fell to $211,000 from $892,000.
$AVBC Insider Trading Activity
$AVBC insiders have traded $AVBC stock on the open market 31 times in the past 6 months. Of those trades, 28 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $AVBC stock by insiders over the last 6 months:
- JOSEPH F GRIMALDO has made 2 purchases buying 9,655 shares for an estimated $209,873 and 0 sales.
- MICHAEL O GILLES has made 6 purchases buying 8,000 shares for an estimated $154,702 and 0 sales.
- MICHAEL DENNIS MURPHY has made 2 purchases buying 6,850 shares for an estimated $149,339 and 0 sales.
- KENNEDY O SAUL has made 6 purchases buying 5,900 shares for an estimated $127,732 and 0 sales.
- JONATHAN MICHAEL NELSON (CFO and Treasurer) has made 2 purchases buying 5,565 shares for an estimated $119,983 and 0 sales.
- MICHEAL NEIL FLANIGAN has made 0 purchases and 3 sales selling 5,000 shares for an estimated $111,688.
- JAMES N BALL purchased 5,000 shares for an estimated $103,000
- THOMAS DOANE (EVP- Human Resources) has made 2 purchases buying 3,766 shares for an estimated $81,673 and 0 sales.
- ROBERT D COZZONE (President & CEO) has made 2 purchases buying 4,151 shares for an estimated $79,996 and 0 sales.
- BARRY H JENSEN (EVP and Chief Admin Officer) has made 3 purchases buying 2,000 shares for an estimated $39,370 and 0 sales.
- NICOLAS KARMELEK (EVP and CRO) has made 2 purchases buying 1,239 shares for an estimated $25,689 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$AVBC Hedge Fund Activity
We have seen 54 institutional investors add shares of $AVBC stock to their portfolio, and 23 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 875,156 shares (+316.5%) to their portfolio in Q2 2026, for an estimated $18,369,524
- WELLINGTON MANAGEMENT GROUP LLP removed 778,436 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $16,339,371
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 683,872 shares (+139.8%) to their portfolio in Q2 2026, for an estimated $14,354,473
- MILLENNIUM MANAGEMENT LLC removed 300,341 shares (-93.0%) from their portfolio in Q2 2026, for an estimated $6,304,157
- GEODE CAPITAL MANAGEMENT, LLC added 222,719 shares (+101.3%) to their portfolio in Q2 2026, for an estimated $4,674,871
- ALLIANCEBERNSTEIN L.P. removed 134,876 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $2,831,047
- NORTHERN TRUST CORP added 103,632 shares (+257.9%) to their portfolio in Q2 2026, for an estimated $2,175,235
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
