NB Bancorp, Inc. (NASDAQ:NBBK) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC raised its stake in shares of NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 34.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 99,384 shares of the company's stock after purchasing an additional 25,690 shares during the period. Nuveen Asset Management LLC owned 0.23% of NB Bancorp worth $1,795,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Millennium Management LLC increased its position in shares of NB Bancorp by 143.6% in the fourth quarter. Millennium Management LLC now owns 224,170 shares of the company's stock worth $4,049,000 after acquiring an additional 132,130 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of NB Bancorp by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,152 shares of the company's stock worth $400,000 after acquiring an additional 789 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of NB Bancorp in the fourth quarter worth $1,607,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of NB Bancorp in the fourth quarter worth $212,000. Finally, Deutsche Bank AG increased its position in shares of NB Bancorp by 7.7% in the fourth quarter. Deutsche Bank AG now owns 184,409 shares of the company's stock worth $3,330,000 after acquiring an additional 13,124 shares in the last quarter.

NB Bancorp Trading Up 0.2%

Shares of NB Bancorp stock traded up $0.03 during trading hours on Thursday, hitting $16.65. The company's stock had a trading volume of 125,197 shares, compared to its average volume of 251,107. NB Bancorp, Inc. has a 1-year low of $14.20 and a 1-year high of $21.05. The business has a fifty day moving average of $16.94 and a 200 day moving average of $18.24. The company has a market capitalization of $675.49 million, a PE ratio of 15.56 and a beta of 0.57. 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 (NASDAQ:NBBK - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $0.35 earnings per share (EPS) 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 analyst estimates of $44.50 million. As a group, equities analysts forecast that NB Bancorp, Inc. will post 1.39 EPS for the current year.

Insider Activity

In other news, Director Francis Orfanello bought 5,000 shares of the firm's stock in a transaction dated 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 $2,225,750.33. This trade represents a 3.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph P. Campanelli acquired 2,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were bought 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 in the company, valued at $976,250. This represents a 3.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 7,500 shares of company stock worth $130,320. 1.90% of the stock is currently owned by company insiders.

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.