Aviance Capital Partners LLC Invests $646,000 in NB Bancorp, Inc. (NASDAQ:NBBK)

Aviance Capital Partners LLC purchased a new position in shares of NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 35,733 shares of the company's stock, valued at approximately $646,000. Aviance Capital Partners LLC owned about 0.09% of NB Bancorp at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in shares of NB Bancorp by 7.9% in the 4th quarter. Bank of New York Mellon Corp now owns 101,629 shares of the company's stock valued at $1,835,000 after purchasing an additional 7,408 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of NB Bancorp by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,436 shares of the company's stock valued at $5,769,000 after purchasing an additional 4,138 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of NB Bancorp by 23.4% in the 4th quarter. Victory Capital Management Inc. now owns 118,119 shares of the company's stock valued at $2,133,000 after purchasing an additional 22,366 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of NB Bancorp by 47.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 18,797 shares of the company's stock valued at $339,000 after purchasing an additional 6,047 shares during the last quarter. Finally, Quantbot Technologies LP increased its stake in shares of NB Bancorp by 375.5% in the 4th quarter. Quantbot Technologies LP now owns 6,191 shares of the company's stock valued at $112,000 after purchasing an additional 4,889 shares during the last quarter.

NB Bancorp Price Performance

Shares of NBBK traded up $0.40 during midday trading on Tuesday, hitting $18.98. The company's stock had a trading volume of 362,444 shares, compared to its average volume of 242,411. NB Bancorp, Inc. has a one year low of $15.08 and a one year high of $21.05. The company's fifty day simple moving average is $17.19 and its two-hundred day simple moving average is $17.76. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $770.02 million, a price-to-earnings ratio of 16.08 and a beta of 0.46.

NB Bancorp (NASDAQ:NBBK - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.35 earnings per share for the quarter, hitting analysts' consensus estimates of $0.35. The business had revenue of $47.39 million for the quarter, compared to analyst estimates of $44.50 million. NB Bancorp had a return on equity of 6.61% and a net margin of 14.73%. As a group, equities analysts expect that NB Bancorp, Inc. will post 1.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Francis Orfanello acquired 5,000 shares of NB Bancorp stock in a transaction that occurred on Tuesday, April 29th. The shares were acquired at an average price of $17.09 per share, for a total transaction of $85,450.00. Following the transaction, the director directly owned 130,237 shares of the company's stock, valued at approximately $2,225,750.33. The trade was a 3.99% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by corporate insiders.

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.