Rafferty Asset Management LLC Has $525,000 Stake in NB Bancorp, Inc. (NASDAQ:NBBK)

Rafferty Asset Management LLC lessened its holdings in shares of NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 48.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 29,046 shares of the company's stock after selling 26,782 shares during the period. Rafferty Asset Management LLC owned approximately 0.07% of NB Bancorp worth $525,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its stake in NB Bancorp by 87.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company's stock valued at $80,000 after acquiring an additional 2,073 shares during the period. Quantbot Technologies LP increased its holdings in shares of NB Bancorp by 375.5% during the fourth quarter. Quantbot Technologies LP now owns 6,191 shares of the company's stock worth $112,000 after buying an additional 4,889 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of NB Bancorp in the fourth quarter valued at approximately $128,000. Federated Hermes Inc. boosted its holdings in shares of NB Bancorp by 324.2% in the 4th quarter. Federated Hermes Inc. now owns 9,711 shares of the company's stock worth $175,000 after acquiring an additional 7,422 shares in the last quarter. Finally, ProShare Advisors LLC bought a new stake in NB Bancorp during the 4th quarter worth approximately $198,000.

Insider Activity at NB Bancorp

In other NB Bancorp news, CEO Joseph P. Campanelli acquired 2,000 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the purchase, the chief executive officer now directly owns 55,000 shares of the company's stock, valued at approximately $976,250. This represents a 3.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Francis Orfanello purchased 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was bought at an average price of $17.09 per share, for a total transaction of $85,450.00. Following the purchase, the director now owns 130,237 shares in the company, valued at $2,225,750.33. The trade was a 3.99% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 7,500 shares of company stock valued at $130,320. Corporate insiders own 1.90% of the company's stock.

NB Bancorp Price Performance

Shares of NB Bancorp stock traded down $0.19 during trading on Wednesday, reaching $16.95. The company's stock had a trading volume of 20,400 shares, compared to its average volume of 251,655. NB Bancorp, Inc. has a one year low of $14.20 and a one year high of $21.05. The stock has a 50-day moving average price of $17.19 and a two-hundred day moving average price of $18.38. The stock has a market capitalization of $687.66 million, a P/E ratio of 15.84 and a beta of 0.57. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

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 for the quarter, meeting analysts' consensus estimates of $0.35. The business had revenue of $47.39 million for 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%. As a group, sell-side analysts anticipate that NB Bancorp, Inc. will post 1.39 EPS for the current fiscal year.

About NB Bancorp

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.