Investment Advisory Group LLC bought a new stake in shares of NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 20,000 shares of the company's stock, valued at approximately $361,000.
Other hedge funds have also modified their holdings of the company. Northern Trust Corp boosted its holdings in NB Bancorp by 4.7% in 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 last quarter. Charles Schwab Investment Management Inc. raised its position in shares of NB Bancorp by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,436 shares of the company's stock valued at $5,769,000 after purchasing an additional 4,138 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of NB Bancorp by 23.9% during 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 last quarter. Millennium Management LLC grew its position in shares of NB Bancorp by 143.6% during the fourth quarter. Millennium Management LLC now owns 224,170 shares of the company's stock worth $4,049,000 after buying an additional 132,130 shares in the last quarter. Finally, Deutsche Bank AG grew its position in shares of NB Bancorp by 7.7% during the fourth quarter. Deutsche Bank AG now owns 184,409 shares of the company's stock worth $3,330,000 after buying an additional 13,124 shares in the last quarter.
Insider Activity at NB Bancorp
In other NB Bancorp news, Director Francis Orfanello acquired 5,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was purchased 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 directly owns 130,237 shares in the company, valued at $2,225,750.33. This trade represents a 3.99% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders bought a total of 6,500 shares of company stock valued at $111,110 over the last three months. 1.90% of the stock is owned by insiders.
NB Bancorp Stock Down 0.1%
NBBK traded down $0.02 during trading on Thursday, hitting $16.62. The company had a trading volume of 305,324 shares, compared to its average volume of 263,193. NB Bancorp, Inc. has a 1-year low of $14.20 and a 1-year high of $21.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $674.27 million, a PE ratio of 15.53 and a beta of 0.41. The business has a 50-day moving average of $16.86 and a 200-day moving average of $18.12.
NB Bancorp (NASDAQ:NBBK - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. NB Bancorp had a net margin of 13.86% and a return on equity of 6.04%. The company had revenue of $47.39 million during the quarter, compared to the consensus estimate of $44.50 million. As a group, analysts forecast that NB Bancorp, Inc. will post 1.39 earnings per share for the current year.
About NB Bancorp
(
Free Report)
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.
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