NB Bancorp (NASDAQ:NBBK) Reaches New 12-Month High at $15.64

NB Bancorp, Inc. (NASDAQ:NBBK - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $15.64 and last traded at $15.57, with a volume of 30913 shares. The stock had previously closed at $15.52.

Analyst Upgrades and Downgrades

Separately, Piper Sandler initiated coverage on NB Bancorp in a research report on Tuesday, April 9th. They set an "overweight" rating and a $17.00 price target on the stock.

NB Bancorp Stock Performance

The company has a 50 day moving average of $13.97. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.37.

NB Bancorp (NASDAQ:NBBK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. The business had revenue of $42.13 million for the quarter, compared to analysts' expectations of $38.30 million. As a group, sell-side analysts predict that NB Bancorp, Inc. will post 0.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Joseph P. Campanelli acquired 26,000 shares of the business's stock in a transaction on Friday, March 1st. The shares were acquired at an average cost of $13.97 per share, with a total value of $363,220.00. Following the transaction, the chief executive officer now owns 26,000 shares in the company, valued at approximately $363,220. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Joseph P. Campanelli bought 26,000 shares of the business's stock in a transaction dated Friday, March 1st. The shares were purchased at an average cost of $13.97 per share, with a total value of $363,220.00. Following the completion of the purchase, the chief executive officer now owns 26,000 shares in the company, valued at approximately $363,220. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Jean-Pierre Lapointe acquired 3,095 shares of the company's stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average cost of $15.05 per share, for a total transaction of $46,579.75. Following the acquisition, the chief financial officer now owns 3,124 shares of the company's stock, valued at approximately $47,016.20. The disclosure for this purchase can be found here. Insiders have purchased 78,735 shares of company stock valued at $1,111,684 in the last ninety days. Company insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On NB Bancorp

Several institutional investors have recently modified their holdings of NBBK. Farley Capital L.P. purchased a new position in NB Bancorp during the 4th quarter worth $1,076,000. Oppenheimer & Close LLC bought a new stake in shares of NB Bancorp in the fourth quarter valued at about $915,000. Stilwell Value LLC purchased a new stake in NB Bancorp in the fourth quarter worth about $1,076,000. Great Oak Capital Partners LLC purchased a new position in NB Bancorp during the 4th quarter valued at about $4,238,000. Finally, Wellington Management Group LLP purchased a new stake in shares of NB Bancorp in the 4th quarter worth approximately $7,232,000.

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.