Alliancebernstein L.P. Trims Position in NB Bancorp, Inc. (NASDAQ:NBBK)

Alliancebernstein L.P. trimmed its stake in shares of NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 53.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 182,250 shares of the company's stock after selling 206,275 shares during the period. Alliancebernstein L.P. owned approximately 0.43% of NB Bancorp worth $3,291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. State Street Corp boosted its stake in NB Bancorp by 16.5% in the 3rd quarter. State Street Corp now owns 994,380 shares of the company's stock worth $18,456,000 after purchasing an additional 140,960 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in NB Bancorp during the third quarter valued at $952,000. Barclays PLC increased its holdings in NB Bancorp by 73.0% in the 3rd quarter. Barclays PLC now owns 81,114 shares of the company's stock valued at $1,506,000 after acquiring an additional 34,235 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 16,270 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of NB Bancorp by 44.4% during the fourth quarter. Rhumbline Advisers now owns 77,677 shares of the company's stock valued at $1,403,000 after purchasing an additional 23,870 shares in the last quarter.

Insider Activity at NB Bancorp

In other news, CEO Joseph P. Campanelli bought 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $17.75 per share, for a total transaction of $35,500.00. Following the acquisition, the chief executive officer now owns 55,000 shares of the company's stock, valued at $976,250. The trade was a 3.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Hope Pascucci purchased 40,000 shares of the company's stock in a transaction that occurred on Friday, January 24th. The shares were purchased at an average cost of $18.53 per share, with a total value of $741,200.00. Following the completion of the purchase, the director now owns 40,075 shares in the company, valued at $742,589.75. This trade represents a 53,333.33 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 43,400 shares of company stock valued at $803,035. Insiders own 1.90% of the company's stock.

NB Bancorp Price Performance

NB Bancorp stock traded up $0.05 during midday trading on Friday, reaching $16.41. 216,038 shares of the stock traded hands, compared to its average volume of 267,686. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. NB Bancorp, Inc. has a 12 month low of $13.64 and a 12 month high of $21.05. The stock's fifty day moving average is $18.04 and its 200-day moving average is $18.63. The stock has a market cap of $686.64 million, a P/E ratio of 15.34 and a beta of 0.50.

NB Bancorp (NASDAQ:NBBK - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. NB Bancorp had a net margin of 13.86% and a return on equity of 6.04%. As a group, equities research analysts anticipate that NB Bancorp, Inc. will post 1.39 EPS for the current year.

NB Bancorp 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.