NB Bancorp, Inc. (NASDAQ:NBBK) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its position in shares of NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 39.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 312,699 shares of the company's stock after selling 205,168 shares during the quarter. Bank of America Corp DE owned about 0.73% of NB Bancorp worth $5,647,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NBBK. Ameriprise Financial Inc. increased its stake 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 buying an additional 35,200 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of NB Bancorp during the 4th quarter valued at $260,000. Northern Trust Corp raised its position in NB Bancorp by 4.7% in the 4th quarter. Northern Trust Corp now owns 358,539 shares of the company's stock worth $6,475,000 after purchasing an additional 15,985 shares during the period. Price T Rowe Associates Inc. MD raised its position in NB Bancorp by 18.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,032 shares of the company's stock worth $272,000 after purchasing an additional 2,297 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of 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 during the period.

NB Bancorp Trading Up 0.5%

Shares of NBBK traded up $0.09 during trading hours on Friday, reaching $16.97. 223,520 shares of the company traded hands, compared to its average volume of 252,324. NB Bancorp, Inc. has a 12 month low of $14.20 and a 12 month high of $21.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. The company's fifty day moving average price is $17.07 and its two-hundred day moving average price is $18.29. The company has a market capitalization of $688.47 million, a price-to-earnings ratio of 15.86 and a beta of 0.57.

NB Bancorp (NASDAQ:NBBK - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.35 earnings per share for the quarter, hitting analysts' consensus estimates of $0.35. NB Bancorp had a net margin of 13.86% and a return on equity of 6.04%. The business had revenue of $47.39 million during the quarter, compared to analyst estimates of $44.50 million. Equities research analysts predict that NB Bancorp, Inc. will post 1.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Francis Orfanello acquired 5,000 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were bought at an average price of $17.09 per share, with a total value of $85,450.00. Following the completion of the acquisition, the director now owns 130,237 shares in the company, valued at $2,225,750.33. This trade represents a 3.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Joseph P. Campanelli bought 2,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the transaction, the chief executive officer now directly owns 55,000 shares in the company, valued at approximately $976,250. This represents a 3.77% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 7,500 shares of company stock worth $130,320. Company insiders own 1.90% of the company's stock.

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.