Millennium Management LLC lifted its holdings in shares of NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 143.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 224,170 shares of the company's stock after purchasing an additional 132,130 shares during the quarter. Millennium Management LLC owned about 0.52% of NB Bancorp worth $4,049,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in NB Bancorp by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,152 shares of the company's stock worth $400,000 after buying an additional 789 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of NB Bancorp by 5.6% in the fourth quarter. MetLife Investment Management LLC now owns 24,251 shares of the company's stock worth $438,000 after acquiring an additional 1,293 shares during the last quarter. Invesco Ltd. grew its holdings in NB Bancorp by 8.0% in the fourth quarter. Invesco Ltd. now owns 19,481 shares of the company's stock valued at $352,000 after purchasing an additional 1,446 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of NB Bancorp by 87.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company's stock valued at $80,000 after buying an additional 2,073 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in NB Bancorp by 18.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,032 shares of the company's stock worth $272,000 after acquiring an additional 2,297 shares during the last quarter.
Insiders Place Their Bets
In other NB Bancorp news, CEO Joseph P. Campanelli purchased 2,000 shares of NB Bancorp stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $17.75 per share, for a total transaction of $35,500.00. Following the transaction, the chief executive officer now owns 55,000 shares in the company, valued at $976,250. This represents a 3.77% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Francis Orfanello bought 5,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was bought at an average price of $17.09 per share, with a total value of $85,450.00. Following the completion of the purchase, the director now owns 130,237 shares of the company's stock, valued at $2,225,750.33. This trade represents a 3.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 7,500 shares of company stock worth $130,320 in the last three months. 1.90% of the stock is owned by insiders.
NB Bancorp Trading Up 1.2%
NBBK stock traded up $0.20 during midday trading on Tuesday, reaching $16.87. 150,378 shares of the company's stock traded hands, compared to its average volume of 251,671. 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 capitalization of $684.42 million, a P/E ratio of 15.77 and a beta of 0.57. The business has a 50-day moving average price of $16.98 and a two-hundred day moving average price of $18.26. NB Bancorp, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $21.05.
NB Bancorp (NASDAQ:NBBK - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 net margin of 13.86% and a return on equity of 6.04%. Equities research analysts forecast that NB Bancorp, Inc. will post 1.39 EPS for the current fiscal year.
NB Bancorp Company Profile
(
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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