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

Bank of America Corp DE decreased its position in NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 39.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 312,699 shares of the company's stock after selling 205,168 shares during the period. Bank of America Corp DE owned approximately 0.73% of NB Bancorp worth $5,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NBBK. Tower Research Capital LLC TRC raised its stake in NB Bancorp by 87.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company's stock worth $80,000 after acquiring an additional 2,073 shares during the last quarter. Quantbot Technologies LP raised its stake in NB Bancorp by 375.5% in the 4th quarter. Quantbot Technologies LP now owns 6,191 shares of the company's stock worth $112,000 after acquiring an additional 4,889 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in NB Bancorp in the 4th quarter worth $128,000. Federated Hermes Inc. raised its stake in NB Bancorp by 324.2% in the 4th quarter. Federated Hermes Inc. now owns 9,711 shares of the company's stock worth $175,000 after acquiring an additional 7,422 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of NB Bancorp during the 4th quarter valued at about $260,000.

NB Bancorp Stock Performance

Shares of NASDAQ NBBK traded up $0.07 during trading on Thursday, reaching $16.88. 96,366 shares of the company traded hands, compared to its average volume of 251,879. The firm's fifty day simple moving average is $17.15 and its 200 day simple moving average is $18.37. The stock has a market cap of $684.82 million, a P/E ratio of 15.78 and a beta of 0.57. NB Bancorp, Inc. has a 12-month low of $14.20 and a 12-month high of $21.05. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

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

Insider Buying and Selling at NB Bancorp

In other NB Bancorp news, CEO Joseph P. Campanelli purchased 2,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $17.75 per share, for a total transaction of $35,500.00. Following the purchase, the chief executive officer now directly owns 55,000 shares in the company, valued at approximately $976,250. This trade represents a 3.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Francis Orfanello purchased 5,000 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was acquired at an average price of $17.09 per share, with a total value of $85,450.00. Following the purchase, the director now owns 130,237 shares in the company, valued at $2,225,750.33. This represents a 3.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 7,500 shares of company stock worth $130,320. Insiders own 1.90% of the company's stock.

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.