NB Bancorp, Inc. (NASDAQ:NBBK) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its holdings in NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 79.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 79,500 shares of the company's stock after acquiring an additional 35,200 shares during the quarter. Ameriprise Financial Inc. owned 0.19% of NB Bancorp worth $1,436,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of NBBK. Rhumbline Advisers grew its holdings in shares of NB Bancorp by 44.4% during the fourth quarter. Rhumbline Advisers now owns 77,677 shares of the company's stock worth $1,403,000 after buying an additional 23,870 shares in the last quarter. JPMorgan Chase & Co. lifted its position in NB Bancorp by 23.9% during the fourth 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 in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in NB Bancorp during the 4th quarter worth $260,000. Northern Trust Corp boosted its position in shares of NB Bancorp by 4.7% in the fourth quarter. Northern Trust Corp now owns 358,539 shares of the company's stock worth $6,475,000 after buying an additional 15,985 shares during the period. Finally, Renaissance Technologies LLC grew its position in NB Bancorp by 117.2% in the fourth quarter. Renaissance Technologies LLC now owns 165,500 shares of the company's stock valued at $2,989,000 after acquiring an additional 89,300 shares in the last quarter.

Insider Buying and Selling

In other news, Director Francis Orfanello purchased 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was acquired at an average cost of $17.09 per share, for a total transaction of $85,450.00. Following the completion of the purchase, the director now owns 130,237 shares of the company's stock, valued at approximately $2,225,750.33. This trade represents a 3.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph P. Campanelli acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $17.75 per share, with a total value of $35,500.00. Following the completion of the acquisition, the chief executive officer now owns 55,000 shares of the company's stock, valued at $976,250. The trade was a 3.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over 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 Stock Down 1.5%

NBBK traded down $0.25 during trading hours on Wednesday, reaching $16.62. 111,802 shares of the stock traded hands, compared to its average volume of 251,611. NB Bancorp, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $21.05. The company has a market cap of $674.27 million, a price-to-earnings ratio of 15.53 and a beta of 0.57. 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 firm's fifty day simple moving average is $16.94 and its two-hundred day simple moving average is $18.24.

NB Bancorp (NASDAQ:NBBK - Get Free Report) last announced its 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 for 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, analysts forecast that NB Bancorp, Inc. will post 1.39 earnings per share for the current fiscal year.

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.