Michael O. Gilles, Director at Avidia Bancorp, Inc. (AVBC), bought 5,000 shares at $19.50 ($97K) on 2026-05-13, disclosed to the SEC on 2026-05-15.
Director Michael O. Gilles purchased 3,000 shares of Avidia Bancorp at $19.50, marking the largest insider buy of his career. This significant allocation comes as the stock trades near the bottom of its 52-week range, potentially signaling confidence in the regional bank's turnaround.
AVBC has underperformed recently, falling 6.14% over the past five days and 8.83% over the last month to trade at $18.89. The stock is currently 11.63% below its 52-week high of $21.375, offering a discount to recent highs.
The stock is set to trade ex-dividend in the next four days, potentially attracting dividend-focused income investors. Additionally, a cluster of six insider purchases in the past 30 days suggests growing institutional confidence in the stock's valuation.
Despite the insider buying, the company faces fundamental headwinds, as net losses have increased at a 43.1% annual rate over the past five years, keeping profit turnaround efforts elusive.
Something here stands out, but not much.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $19.50 | 1,000 | $19K | 20.0% |
| 2 | $19.50 | 3,000 | $59K | 60.0% |
| 3 | $19.50 | 1,000 | $20K | 20.0% |
| Total | $19.50 avg | 5,000 | $97K | 100% |
| Filing → |
| BNV | BUY | 2008-02-21 | $30K | — | Filing → |
| BNV | BUY | 2007-11-26 | $5K | — | Filing → |
| BNV | BUY | 2007-10-29 | $21K | — | Filing → |