NB Bancorp (NASDAQ:NBBK) Sees Unusually-High Trading Volume – What’s Next?

Shares of NB Bancorp, Inc. (NASDAQ:NBBK) saw an uptick in trading volume on Friday . 246,115 shares changed hands during trading, a decline of 9% from the previous session’s volume of 271,565 shares.The stock last traded at $18.20 and had previously closed at $18.60.

NB Bancorp Stock Down 2.0 %

The stock has a market cap of $778.53 million, a P/E ratio of 17.04 and a beta of 0.16. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. The business has a 50-day simple moving average of $18.56 and a 200-day simple moving average of $18.83.

NB Bancorp (NASDAQ:NBBK) last announced its 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%. Analysts expect that NB Bancorp, Inc. will post 1.39 EPS for the current year.

Insider Activity

In other NB Bancorp news, Director Hope Pascucci acquired 40,000 shares of NB Bancorp stock in a transaction dated Friday, January 24th. The stock was bought at an average cost of $18.53 per share, with a total value of $741,200.00. Following the completion of the transaction, the director now owns 40,075 shares of the company’s stock, valued at $742,589.75. The trade was a 53,333.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On NB Bancorp

Several hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of NB Bancorp by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,152 shares of the company’s stock valued at $400,000 after acquiring an additional 789 shares during the period. MetLife Investment Management LLC boosted its position in shares of NB Bancorp by 5.6% in the fourth quarter. MetLife Investment Management LLC now owns 24,251 shares of the company’s stock valued at $438,000 after acquiring an additional 1,293 shares during the period. Invesco Ltd. boosted its position in shares of NB Bancorp by 8.0% in the fourth quarter. Invesco Ltd. now owns 19,481 shares of the company’s stock valued at $352,000 after acquiring an additional 1,446 shares during the period. Resources Management Corp CT ADV bought a new stake in shares of NB Bancorp in the third quarter valued at approximately $28,000. Finally, Quarry LP bought a new position in NB Bancorp in the third quarter worth $33,000.

NB Bancorp Company Profile

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.