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

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp grew its holdings in NB Bancorp by 4.7% during the fourth quarter. Northern Trust Corp now owns 358,539 shares of the company's stock valued at $6,475,000 after purchasing an additional 15,985 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of NB Bancorp by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,436 shares of the company's stock worth $5,769,000 after purchasing an additional 4,138 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of NB Bancorp by 23.9% in the 4th quarter. JPMorgan Chase & Co. now owns 247,482 shares of the company's stock valued at $4,470,000 after buying an additional 47,678 shares during the period. Millennium Management LLC increased its position in shares of NB Bancorp by 143.6% in the 4th quarter. Millennium Management LLC now owns 224,170 shares of the company's stock valued at $4,049,000 after buying an additional 132,130 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of NB Bancorp by 7.7% in the 4th quarter. Deutsche Bank AG now owns 184,409 shares of the company's stock valued at $3,330,000 after buying an additional 13,124 shares in the last quarter.

NB Bancorp Trading Up 1.7%

Shares of NBBK traded up $0.31 during trading hours on Tuesday, reaching $18.89. The stock had a trading volume of 177,240 shares, compared to its average volume of 241,909. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.12. NB Bancorp, Inc. has a 52 week low of $14.90 and a 52 week high of $21.05. The firm has a 50-day moving average of $17.16 and a 200 day moving average of $17.76. The company has a market cap of $766.37 million, a P/E ratio of 16.01 and a beta of 0.46.

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

Insider Activity at NB Bancorp

In other NB Bancorp news, Director Francis Orfanello acquired 5,000 shares of NB Bancorp stock in a transaction dated Tuesday, April 29th. The stock was bought at an average cost of $17.09 per share, for a total transaction of $85,450.00. Following the purchase, the director directly owned 130,237 shares in the company, valued at approximately $2,225,750.33. This represents a 3.99% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

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.