International Assets Investment Management LLC Buys New Holdings in NB Bancorp, Inc. (NASDAQ:NBBK)

International Assets Investment Management LLC purchased a new position in NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 54,600 shares of the company's stock, valued at approximately $987,000. International Assets Investment Management LLC owned 0.13% of NB Bancorp at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Rhumbline Advisers increased its stake in shares of NB Bancorp by 44.4% in the fourth quarter. Rhumbline Advisers now owns 77,677 shares of the company's stock worth $1,403,000 after acquiring an additional 23,870 shares during the period. Bank of New York Mellon Corp boosted its holdings in NB Bancorp by 7.9% in the fourth quarter. Bank of New York Mellon Corp now owns 101,629 shares of the company's stock valued at $1,835,000 after purchasing an additional 7,408 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in NB Bancorp by 1.3% during the 4th 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 during the period. Victory Capital Management Inc. raised its stake in shares of NB Bancorp by 23.4% during the 4th quarter. Victory Capital Management Inc. now owns 118,119 shares of the company's stock valued at $2,133,000 after buying an additional 22,366 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of NB Bancorp by 47.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 18,797 shares of the company's stock valued at $339,000 after buying an additional 6,047 shares during the period.

NB Bancorp Price Performance

Shares of NBBK opened at $17.08 on Thursday. The company has a market capitalization of $692.94 million, a price-to-earnings ratio of 14.47 and a beta of 0.41. NB Bancorp, Inc. has a 52 week low of $14.25 and a 52 week high of $21.05. The stock's 50-day moving average price is $16.92 and its 200-day moving average price is $17.87. 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 (NASDAQ:NBBK - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.35. The company had revenue of $47.39 million during the quarter, compared to the consensus estimate of $44.50 million. NB Bancorp had a return on equity of 6.61% and a net margin of 14.73%. On average, sell-side analysts predict that NB Bancorp, Inc. will post 1.39 EPS for the current year.

Insider Activity at NB Bancorp

In other news, Director Francis Orfanello purchased 5,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were bought at an average price of $17.09 per share, for a total transaction of $85,450.00. Following the completion of the transaction, 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 purchase was disclosed in a document filed with the SEC, which is accessible through this link. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.