Aviance Capital Partners LLC Takes Position in NB Bancorp, Inc. (NASDAQ:NBBK)

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

A number of other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position in NB Bancorp by 79.5% in the 4th quarter. Ameriprise Financial Inc. now owns 79,500 shares of the company's stock valued at $1,436,000 after purchasing an additional 35,200 shares during the last quarter. Nuveen Asset Management LLC lifted its position in NB Bancorp by 34.9% in the 4th quarter. Nuveen Asset Management LLC now owns 99,384 shares of the company's stock valued at $1,795,000 after purchasing an additional 25,690 shares during the last quarter. Millennium Management LLC lifted its position in 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 purchasing an additional 132,130 shares during the last quarter. Two Sigma Advisers LP lifted its position in NB Bancorp by 259.6% in the 4th quarter. Two Sigma Advisers LP now owns 37,400 shares of the company's stock valued at $675,000 after purchasing an additional 27,000 shares during the last quarter. Finally, Investment Advisory Group LLC bought a new stake in NB Bancorp in the 1st quarter valued at about $361,000.

Insider Activity at NB Bancorp

In related news, Director Francis Orfanello acquired 5,000 shares of the stock in a transaction dated Tuesday, April 29th. The shares were bought at an average cost of $17.09 per share, for a total transaction of $85,450.00. Following the purchase, the director owned 130,237 shares in the company, valued at approximately $2,225,750.33. This trade represents a 3.99% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.90% of the company's stock.

NB Bancorp Price Performance

Shares of NBBK stock traded down $0.24 during midday trading on Monday, reaching $18.53. 183,831 shares of the company were exchanged, compared to its average volume of 241,484. NB Bancorp, Inc. has a 12 month low of $14.90 and a 12 month high of $21.05. The company has a market cap of $751.56 million, a P/E ratio of 15.70 and a beta of 0.46. The company's 50 day moving average price is $17.13 and its two-hundred day moving average price is $17.76. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.08 and a current ratio of 1.08.

NB Bancorp (NASDAQ:NBBK - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $0.35 EPS for the quarter, meeting analysts' consensus estimates of $0.35. The firm had revenue of $47.39 million for 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, sell-side analysts expect that NB Bancorp, Inc. will post 1.39 earnings per share 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.