Aviance Capital Partners LLC Purchases New Shares in NB Bancorp, Inc. (NASDAQ:NBBK)

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

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Tower Research Capital LLC TRC raised its holdings in NB Bancorp by 87.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company's stock valued at $80,000 after acquiring an additional 2,073 shares in the last quarter. GAMMA Investing LLC raised its holdings in NB Bancorp by 1,720.1% in the first quarter. GAMMA Investing LLC now owns 4,987 shares of the company's stock valued at $90,000 after acquiring an additional 4,713 shares in the last quarter. Quantbot Technologies LP raised its holdings in NB Bancorp by 375.5% in the fourth quarter. Quantbot Technologies LP now owns 6,191 shares of the company's stock valued at $112,000 after acquiring an additional 4,889 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in NB Bancorp in the fourth quarter valued at approximately $128,000. Finally, Federated Hermes Inc. lifted its position in shares of NB Bancorp by 324.2% during the 4th quarter. Federated Hermes Inc. now owns 9,711 shares of the company's stock worth $175,000 after buying an additional 7,422 shares during the last quarter.

Insider Buying and Selling at NB Bancorp

In related news, Director Francis Orfanello acquired 5,000 shares of NB Bancorp stock in a transaction dated Tuesday, April 29th. The stock was acquired at an average price of $17.09 per share, for a total transaction of $85,450.00. Following the transaction, the director owned 130,237 shares of the company's stock, valued at $2,225,750.33. This represents a 3.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.90% of the company's stock.

NB Bancorp Stock Up 0.6%

Shares of NASDAQ:NBBK traded up $0.11 during trading on Friday, hitting $18.74. 310,543 shares of the company were exchanged, compared to its average volume of 241,692. The stock has a market capitalization of $760.28 million, a P/E ratio of 15.88 and a beta of 0.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.08 and a quick ratio of 1.08. NB Bancorp, Inc. has a 12-month low of $14.90 and a 12-month high of $21.05. The firm's 50 day moving average price is $17.13 and its 200-day moving average price is $17.76.

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 the consensus estimate of $0.35. The business had revenue of $47.39 million during the quarter, compared to the consensus estimate of $44.50 million. NB Bancorp had a net margin of 14.73% and a return on equity of 6.61%. On average, research analysts predict that NB Bancorp, Inc. will post 1.39 earnings per share for the current fiscal year.

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.