Rafferty Asset Management LLC Decreases Position in NB Bancorp, Inc. (NASDAQ:NBBK)

Rafferty Asset Management LLC decreased its stake in NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 48.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. 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. Charles Schwab Investment Management Inc. boosted its position in shares of NB Bancorp by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,436 shares of the company's stock worth $5,769,000 after buying an additional 4,138 shares during the period. JPMorgan Chase & Co. boosted its holdings in NB Bancorp by 23.9% in the fourth quarter. JPMorgan Chase & Co. now owns 247,482 shares of the company's stock valued at $4,470,000 after purchasing an additional 47,678 shares during the last quarter. Millennium Management LLC boosted its holdings in NB Bancorp by 143.6% in the fourth 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. Finally, Deutsche Bank AG boosted its holdings in NB Bancorp by 7.7% in the fourth 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 Activity at NB Bancorp

In other news, CEO Joseph P. Campanelli acquired 2,000 shares of the business'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 $976,250. This represents a 3.77% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Francis Orfanello acquired 5,000 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were purchased at an average price of $17.09 per share, for a total transaction of $85,450.00. Following the purchase, the director now directly owns 130,237 shares of the company's stock, valued at $2,225,750.33. This represents a 3.99% increase in their ownership of the stock. 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. Insiders own 1.90% of the company's stock.

NB Bancorp Trading Down 0.1%

Shares of NBBK opened at $16.89 on Friday. The company has a market capitalization of $685.23 million, a P/E ratio of 15.79 and a beta of 0.57. NB Bancorp, Inc. has a one year low of $14.20 and a one year high of $21.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a 50-day moving average price of $17.30 and a 200 day moving average price of $18.46.

NB Bancorp (NASDAQ:NBBK - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $0.35 EPS for the quarter, meeting analysts' consensus estimates of $0.35. The firm had revenue of $47.39 million during the quarter, compared to the consensus estimate of $44.50 million. NB Bancorp had a return on equity of 6.04% and a net margin of 13.86%. Sell-side analysts forecast that NB Bancorp, Inc. will post 1.39 EPS for the current fiscal year.

NB Bancorp Company 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.

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