Is Avidia Bancorp, Inc. (AVBC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| DJIM | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| MSCI | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| S&P | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| FTSE | Excluded — Banks - Regional | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 31.4% | |
| Net Margin | -4.0% | |
| Return on Equity (ROE) | -1.1% | |
| Return on Assets (ROA) | -0.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $23M |
| Free Cash Flow | $20M |
| Total Debt | $353M |
| Total Assets | $2.7B |
Price & Trading
| Last Close | $19.39 |
| 50-Day MA | $18.65 |
| 200-Day MA | $16.50 |
| Avg Volume | 74K |
|
52-Week Range
$14.00
| |
About Avidia Bancorp, Inc. (AVBC)
Avidia Bancorp, Inc. operates as the bank holding company for Avidia Bank that provides various financial services to individual and corporate customers. It provides savings and checking, certificate of deposit, individual retirement, money market, demand deposit, and interest-bearing and noninterest-bearing checking accounts. The company also offers commercial and industrial loans, one-to four-family residential mortgage loans, home equity loans and second mortgage loans, multi-family mortgage loans, commercial real estate loans, construction and land loans, and consumer loans, as well as land development, business term, and auto loans. In addition, it provides payments processing services, invests in securities, primarily of U.S. Treasury securities, U.S. Government agency securities, and municipal securities. The company was founded in 1869 and is headquartered in Hudson, Massachusetts.
Related Halal Stocks in Financial Services
Frequently Asked Questions
Is Avidia Bancorp, Inc. (AVBC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Avidia Bancorp, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Avidia Bancorp, Inc.'s debt ratio?
Avidia Bancorp, Inc.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Avidia Bancorp, Inc.'s key financial metrics?
Avidia Bancorp, Inc. has a market capitalization of $352M, and revenue of $86M. Return on equity stands at -1.1%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.