Focus Partners Wealth Purchases New Position in NB Bancorp, Inc. (NASDAQ:NBBK)

Focus Partners Wealth bought a new position in NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 89,000 shares of the company's stock, valued at approximately $1,607,000. Focus Partners Wealth owned approximately 0.21% of NB Bancorp at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake in NB Bancorp by 87.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company's stock worth $80,000 after acquiring an additional 2,073 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of 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 purchasing an additional 4,889 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of NB Bancorp during the fourth quarter valued at approximately $128,000. Federated Hermes Inc. raised its stake in NB Bancorp by 324.2% in the fourth quarter. Federated Hermes Inc. now owns 9,711 shares of the company's stock worth $175,000 after buying an additional 7,422 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new position in NB Bancorp in the fourth quarter worth approximately $212,000.

Insiders Place Their Bets

In other news, Director Francis Orfanello bought 5,000 shares of NB Bancorp 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 directly owns 130,237 shares of the company's stock, valued at approximately $2,225,750.33. The trade was a 3.99% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Joseph P. Campanelli acquired 2,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 55,000 shares of the company's stock, valued at approximately $976,250. This trade represents a 3.77% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 7,500 shares of company stock valued at $130,320. Insiders own 1.90% of the company's stock.

NB Bancorp Stock Down 0.9%

Shares of NBBK stock traded down $0.15 during mid-day trading on Tuesday, hitting $17.43. 84,901 shares of the stock traded hands, compared to its average volume of 254,126. The stock's fifty day moving average is $17.38 and its two-hundred day moving average is $18.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.10 and a quick ratio of 1.10. NB Bancorp, Inc. has a 52-week low of $14.20 and a 52-week high of $21.05. The stock has a market cap of $707.14 million, a P/E ratio of 16.29 and a beta of 0.57.

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, meeting the consensus estimate of $0.35. The firm had revenue of $47.39 million during the quarter, compared to analyst estimates of $44.50 million. NB Bancorp had a net margin of 13.86% and a return on equity of 6.04%. Equities analysts predict that NB Bancorp, Inc. will post 1.39 EPS for the current 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.