Rhumbline Advisers trimmed its position in shares of NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 34.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 50,805 shares of the company's stock after selling 26,872 shares during the quarter. Rhumbline Advisers owned about 0.12% of NB Bancorp worth $918,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in NB Bancorp by 7.9% in the 4th quarter. Bank of New York Mellon Corp now owns 101,629 shares of the company's stock valued at $1,835,000 after acquiring an additional 7,408 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of NB Bancorp by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,436 shares of the company's stock valued at $5,769,000 after purchasing an additional 4,138 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of NB Bancorp by 23.4% during the fourth quarter. Victory Capital Management Inc. now owns 118,119 shares of the company's stock valued at $2,133,000 after buying an additional 22,366 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of NB Bancorp by 47.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 18,797 shares of the company's stock valued at $339,000 after buying an additional 6,047 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in NB Bancorp by 375.5% in the 4th quarter. Quantbot Technologies LP now owns 6,191 shares of the company's stock worth $112,000 after buying an additional 4,889 shares during the last quarter.
NB Bancorp Stock Performance
NB Bancorp stock traded up $0.13 during midday trading on Tuesday, reaching $17.08. 375,703 shares of the company traded hands, compared to its average volume of 264,392. NB Bancorp, Inc. has a 12 month low of $14.25 and a 12 month high of $21.05. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50 day moving average of $16.89 and a two-hundred day moving average of $17.88. The firm has a market capitalization of $692.94 million, a price-to-earnings ratio of 14.47 and a beta of 0.42.
NB Bancorp (NASDAQ:NBBK - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. NB Bancorp had a return on equity of 6.61% and a net margin of 14.73%. The firm had revenue of $47.39 million for the quarter, compared to analysts' expectations of $44.50 million. As a group, research analysts predict that NB Bancorp, Inc. will post 1.39 earnings per share for the current year.
Insider Buying and Selling at NB Bancorp
In related news, Director Francis Orfanello acquired 5,000 shares of NB Bancorp stock in a transaction dated Tuesday, April 29th. The stock was purchased at an average cost 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 approximately $2,225,750.33. This trade represents a 3.99% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.90% of the stock is owned by corporate insiders.
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.
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