NB Bancorp, Inc. (NASDAQ:NBBK) CFO Acquires $16,965.00 in Stock

NB Bancorp, Inc. (NASDAQ:NBBK) CFO Jean-Pierre Lapointe acquired 900 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were purchased at an average price of $18.85 per share, with a total value of $16,965.00. Following the transaction, the chief financial officer now owns 4,200 shares of the company’s stock, valued at approximately $79,170. This represents a 27.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

NB Bancorp Trading Up 3.3 %

NASDAQ:NBBK traded up $0.61 during midday trading on Friday, hitting $19.01. 532,019 shares of the company traded hands, compared to its average volume of 269,833. The firm has a market capitalization of $811.92 million and a P/E ratio of 17.77. The firm’s fifty day moving average is $18.95 and its 200-day moving average is $18.45. NB Bancorp, Inc. has a 12-month low of $13.26 and a 12-month high of $21.05. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

NB Bancorp (NASDAQ:NBBK) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. NB Bancorp had a return on equity of 6.04% and a net margin of 13.86%. On average, sell-side analysts predict that NB Bancorp, Inc. will post 1.36 EPS for the current year.

Hedge Funds Weigh In On NB Bancorp

Several institutional investors have recently made changes to their positions in the company. Hennessy Advisors Inc. raised its holdings in shares of NB Bancorp by 24.2% in the 4th quarter. Hennessy Advisors Inc. now owns 205,000 shares of the company’s stock valued at $3,702,000 after purchasing an additional 40,000 shares in the last quarter. JPMorgan Chase & Co. raised its stake in NB Bancorp by 119.5% in the third quarter. JPMorgan Chase & Co. now owns 199,804 shares of the company’s stock worth $3,708,000 after buying an additional 108,774 shares in the last quarter. Barclays PLC lifted its holdings in NB Bancorp by 73.0% during the third quarter. Barclays PLC now owns 81,114 shares of the company’s stock worth $1,506,000 after buying an additional 34,235 shares during the period. Geode Capital Management LLC boosted its position in NB Bancorp by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 885,243 shares of the company’s stock valued at $16,433,000 after acquiring an additional 16,270 shares in the last quarter. Finally, Resources Management Corp CT ADV acquired a new stake in shares of NB Bancorp in the 3rd quarter worth $28,000.

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their price target on shares of NB Bancorp from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, October 31st.

About NB Bancorp

NB Bancorp, Inc focuses on operating as a bank holding company for Needham Bank that provides various banking products and services in Greater Boston metropolitan area and surrounding communities in Massachusetts, eastern Connecticut, southern New Hampshire, and Rhode Island. The company offers various deposits, including certificate of deposit, individual retirement, money market, savings, NOW, demand deposit, and interest-bearing and noninterest-bearing checking accounts; and commercial real estate and multifamily, one- to four-family residential real estate, construction and land development, commercial and industrial, and consumer loans, as well as home equity loans and lines of credit.