Two Sigma Advisers LP Grows Stock Holdings in NB Bancorp, Inc. (NASDAQ:NBBK)

Two Sigma Advisers LP raised its stake in NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 259.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,400 shares of the company's stock after buying an additional 27,000 shares during the period. Two Sigma Advisers LP owned about 0.09% of NB Bancorp worth $675,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NBBK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in 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 valued at $400,000 after buying an additional 789 shares during the period. MetLife Investment Management LLC raised its position in shares of NB Bancorp by 5.6% in the 4th quarter. MetLife Investment Management LLC now owns 24,251 shares of the company's stock worth $438,000 after acquiring an additional 1,293 shares in the last quarter. Invesco Ltd. lifted its stake in shares of NB Bancorp by 8.0% in the 4th quarter. Invesco Ltd. now owns 19,481 shares of the company's stock valued at $352,000 after purchasing an additional 1,446 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of NB Bancorp by 87.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company's stock valued at $80,000 after purchasing an additional 2,073 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of NB Bancorp by 18.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,032 shares of the company's stock valued at $272,000 after purchasing an additional 2,297 shares in the last quarter.

Insiders Place Their Bets

In other NB Bancorp news, CEO Joseph P. Campanelli bought 2,000 shares of NB Bancorp stock in a transaction dated Tuesday, March 11th. The stock was 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 directly owns 55,000 shares in the company, valued at approximately $976,250. The trade was a 3.77% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Francis Orfanello acquired 5,000 shares of the stock in a transaction on 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 transaction, the director now 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 disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 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 during trading hours on Friday, hitting $16.07. 1,754,842 shares of the company's stock were exchanged, compared to its average volume of 257,923. The firm has a market cap of $651.96 million, a price-to-earnings ratio of 15.02 and a beta of 0.57. The stock has a 50-day simple moving average of $16.91 and a 200 day simple moving average of $18.22. 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, Inc. has a 1-year low of $14.20 and a 1-year high of $21.05.

NB Bancorp (NASDAQ:NBBK - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $0.35 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 the consensus estimate of $44.50 million. On average, equities analysts forecast 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.