Two Sigma Advisers LP grew its stake in shares of NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 259.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,400 shares of the company's stock after buying an additional 27,000 shares during the period. Two Sigma Advisers LP owned 0.09% of NB Bancorp worth $675,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in NBBK. Northern Trust Corp increased its stake in NB Bancorp by 4.7% during the fourth quarter. Northern Trust Corp now owns 358,539 shares of the company's stock worth $6,475,000 after acquiring an additional 15,985 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in NB Bancorp by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,436 shares of the company's stock worth $5,769,000 after purchasing an additional 4,138 shares in the last quarter. JPMorgan Chase & Co. raised 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 buying an additional 47,678 shares during the period. Millennium Management LLC raised 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 buying an additional 132,130 shares during the period. Finally, Deutsche Bank AG lifted its position in NB Bancorp by 7.7% during the fourth quarter. Deutsche Bank AG now owns 184,409 shares of the company's stock valued at $3,330,000 after buying an additional 13,124 shares in the last quarter.
NB Bancorp Trading Up 0.3%
Shares of NB Bancorp stock traded up $0.05 during trading hours on Thursday, hitting $16.67. The company's stock had a trading volume of 57,747 shares, compared to its average volume of 250,848. The business has a fifty day moving average of $16.94 and a 200 day moving average of $18.24. NB Bancorp, Inc. has a 1-year low of $14.20 and a 1-year high of $21.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $676.30 million, a PE ratio of 15.58 and a beta of 0.57.
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 (EPS) for the quarter, meeting the consensus estimate of $0.35. NB Bancorp had a return on equity of 6.04% and a net margin of 13.86%. The firm had revenue of $47.39 million during the quarter, compared to the consensus estimate 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 acquired 5,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was bought at an average cost of $17.09 per share, with a total value of $85,450.00. Following the transaction, the director now directly owns 130,237 shares in the company, valued at approximately $2,225,750.33. This represents a 3.99% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Joseph P. Campanelli bought 2,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the transaction, the chief executive officer now owns 55,000 shares of the company's stock, valued at approximately $976,250. The trade was a 3.77% increase in their position. 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.
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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