JPMorgan Chase & Co. Boosts Holdings in NB Bancorp, Inc. (NASDAQ:NBBK)

JPMorgan Chase & Co. raised its position in NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 247,482 shares of the company's stock after acquiring an additional 47,678 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.58% of NB Bancorp worth $4,470,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP raised its stake in shares of NB Bancorp by 375.5% in the fourth 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 period. KLP Kapitalforvaltning AS bought a new position in shares of NB Bancorp in the fourth quarter worth about $128,000. Commonwealth Equity Services LLC raised its stake in shares of NB Bancorp by 47.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 18,797 shares of the company's stock worth $339,000 after buying an additional 6,047 shares during the period. Sei Investments Co. raised its stake in shares of NB Bancorp by 34.5% in the fourth quarter. Sei Investments Co. now owns 19,103 shares of the company's stock worth $345,000 after buying an additional 4,900 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of NB Bancorp by 67.8% in the fourth quarter. American Century Companies Inc. now owns 23,794 shares of the company's stock worth $430,000 after buying an additional 9,612 shares during the period.

NB Bancorp Price Performance

NBBK traded down $0.34 on Thursday, hitting $16.92. 21,030 shares of the company's stock traded hands, compared to its average volume of 265,389. The company's 50 day simple moving average is $17.88 and its 200-day simple moving average is $18.60. The firm has a market cap of $707.77 million, a price-to-earnings ratio of 15.72 and a beta of 0.50. NB Bancorp, Inc. has a one year low of $13.92 and a one year high of $21.05. 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 (NASDAQ:NBBK - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.35. The business had revenue of $47.39 million for 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%. As a group, research analysts anticipate that NB Bancorp, Inc. will post 1.39 EPS for the current year.

Insider Activity

In related news, CEO Joseph P. Campanelli purchased 2,000 shares of NB Bancorp stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $17.75 per share, with a total value of $35,500.00. Following the purchase, the chief executive officer now directly owns 55,000 shares of the company's stock, valued at approximately $976,250. This represents a 3.77 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hope Pascucci purchased 40,000 shares of NB Bancorp stock in a transaction that occurred on Friday, January 24th. The stock was bought at an average cost of $18.53 per share, for a total transaction of $741,200.00. Following the purchase, the director now directly owns 40,075 shares in the company, valued at $742,589.75. This trade represents a 53,333.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 43,400 shares of company stock valued at $803,035. 1.90% of the stock is currently owned by company insiders.

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.