Nuveen Asset Management LLC lifted its position in shares of NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 34.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,384 shares of the company's stock after acquiring an additional 25,690 shares during the period. Nuveen Asset Management LLC owned approximately 0.23% of NB Bancorp worth $1,795,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in NBBK. Millennium Management LLC lifted its stake in NB Bancorp by 143.6% in the 4th quarter. Millennium Management LLC now owns 224,170 shares of the company's stock valued at $4,049,000 after purchasing an additional 132,130 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $400,000 after purchasing an additional 789 shares during the last quarter. Focus Partners Wealth bought a new position in NB Bancorp in the 4th quarter valued at approximately $1,607,000. D. E. Shaw & Co. Inc. bought a new position in NB Bancorp in the 4th quarter valued at approximately $212,000. Finally, Deutsche Bank AG lifted its stake in NB Bancorp by 7.7% in the 4th quarter. Deutsche Bank AG now owns 184,409 shares of the company's stock valued at $3,330,000 after purchasing an additional 13,124 shares during the last quarter.
Insider Buying and Selling at NB Bancorp
In other news, Director Francis Orfanello acquired 5,000 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was bought at an average cost of $17.09 per share, for a total transaction of $85,450.00. Following the completion of the transaction, the director now directly owns 130,237 shares in the company, valued at $2,225,750.33. This represents a 3.99% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Joseph P. Campanelli acquired 2,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of $17.75 per share, with a total value of $35,500.00. Following the completion of the transaction, the chief executive officer now owns 55,000 shares of the company's stock, valued at $976,250. This trade represents a 3.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 7,500 shares of company stock worth $130,320. 1.90% of the stock is currently owned by company insiders.
NB Bancorp Trading Down 3.5%
NASDAQ NBBK traded down $0.58 on Friday, hitting $16.07. The company's stock had a trading volume of 1,754,842 shares, compared to its average volume of 257,892. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. NB Bancorp, Inc. has a 1-year low of $14.20 and a 1-year high of $21.05. The company's 50-day moving average is $16.87 and its 200 day moving average is $18.20. The firm has a market cap of $651.96 million, a PE ratio of 15.02 and a beta of 0.41.
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 the consensus estimate of $0.35. NB Bancorp had a net margin of 13.86% and a return on equity of 6.04%. The firm had revenue of $47.39 million during the quarter, compared to analysts' expectations of $44.50 million. As a group, analysts predict that NB Bancorp, Inc. will post 1.39 earnings per share for the current fiscal 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.
See Also
Before you consider NB Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NB Bancorp wasn't on the list.
While NB Bancorp currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
